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Drilling Update

20th Jan 2014 07:00

RNS Number : 0057Y
Max Petroleum PLC
20 January 2014
 

 

 

 

Max Petroleum Plc

(the "Company")

 

Drilling Update

 

20 January 2014

 

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that it has completed drilling the SAGW-11 appraisal well in the Sagiz West Field to a vertical depth of 1,429 metres without encountering sufficient hydrocarbons to be commercial and it will be plugged and abandoned. The Zhanros ZJ-30 rig will next move to drill the SAGW-10 well, one of three wells remaining in the current appraisal programme at Sagiz West.

 

 

Enquiries:

 

Max Petroleum Plc

 

 

Michael Young

President and Chief Financial Officer

Tel: +44 (0)207 355 9590

 

Tom Randell

Director of Investor Relations

 

College Hill

 

David Simonson/ Anca Spiridon

Tel: +44 (0)207 457 2020

WH Ireland Ltd

 

Daniel Bate / Katy Mitchell

Tel: +44 (0)161 832 2174

 

Oriel Securities

Michael Shaw / Tom Yeadon

Tel: +44 (0)207 710 7600

Charles Stanley Securities

Mark Taylor / Marc Milmo

Tel: +44 (0)207 149 6000

 

Richard Hook, Chief Operating Officer of Max Petroleum Plc, is the qualified person that has reviewed and approved the technical information contained in this announcement. Mr. Hook is a member of the Houston Geological Society and holds both Masters and Bachelors of Science degrees in geology.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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