11th Oct 2011 07:00
Max Petroleum Plc
("Max Petroleum" or the "Company")
Drilling Update
11 October 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has begun drilling the ZLGS-1 exploration well on the Zhalgyz South prospect in Block A, which has estimated unrisked mean resource potential of 18 million barrels of oil in a four-way, Triassic rim structure. Total depth of the well will be approximately 1,500 metres.
Enquiries:
Max Petroleum Plc
| Michael Young President and Chief Financial Officer | Tel: +44 (0)20 7355 9590
|
Tom Randell Director of Investor Relations
| ||
Merlin PR
| David Simonson / Anca Spiridon | Tel: +44 (0)207 726 8400 |
WH Ireland Ltd
| Daniel Bate / Robin Gwyn | Tel: +44 (0)161 832 2174
|
Macquarie Capital Advisers | Paul Connolly / Steve Baldwin | Tel: +44 (0)203 037 2000 |
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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