17th Nov 2009 07:30
Max Petroleum Plc
(the "Company")
Drilling Update
17 November 2009
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-AN2 development well in the Zhana Makat Field has reached a total measured depth of 780 metres, with well logs indicating 8 metres of net oil pay in the Neocomian sandstone reservoir at true vertical depths of 660 to 668 meteres, all in line with expectations. The Company has run production casing in the well, which will be completed and tested in the next two weeks. The Sun ZJ-30 drilling rig is currently moving to drill the ZMA-A12 development in the Zhana Makat Field and then to the Borklydakty exploration well and the remainder of the post-salt exploration portfolio, currently comprised of 12 drillable prospects.
Enquiries:
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Max Petroleum Plc |
Michael Young President and Chief Financial Officer |
Tel: +44 (0)20 7355 9590 |
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Peter Moss Vice President Corporate Development and Investor Relations |
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Merlin PR |
Tom Randell / Anca Spiridon |
Tel: +44 (0)207 726 8400 |
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WH Ireland Ltd |
Daniel Bate |
Tel: +44 (0)161 832 2174 |
Richard Hook, Chief Operating Officer of Max Petroleum, 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.
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