27th Sep 2010 07:00
Max Petroleum Plc
(the "Company")
Execution of Drilling Contract
27 September 2010
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, today announced that it has executed a drilling contract with Sun Drilling LLP for a second rig capable of drilling to 3,600 metres. The ZJ-40 rig will mobilise to drill the ASK-1 exploration well on the Asanketken Prospect on Block E, and is expected to commence drilling activities on or around 30 November 2010. The Z-J40 rig will then be utilised in conjunction with the ZJ-30 rig to drill additional exploration and development wells in the Company's ongoing post-salt drilling programme.
Enquiries:
|
Max Petroleum Plc
|
Michael Young President and Chief Financial Officer |
Tel: +44 (0)20 7355 9590
|
|
|
Peter Moss Vice President Corporate Development and Investor Relations
|
|
|
Merlin PR
|
Tom Randell / Anca Spiridon |
Tel: +44 (0)207 726 8400 |
|
WH Ireland Ltd
|
Daniel Bate |
Tel: +44 (0)161 832 2174
|
|
Macquarie |
Paul Connolly / Ben Oakley |
Tel: +44 (0)203 037 2000 |
Related Shares:
MXP.L