20th Sep 2010 07:00
Max Petroleum Plc
(the "Company")
Drilling Update
20 September 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, today announced that it has completed drilling the KAW-1 exploration well on the Karsak West prospect on Block E. The well reached a total depth of 1,858 metres after encountering only minor hydrocarbon shows and will be plugged and abandoned. The Sun ZJ-30drilling rig will now move to drill the UTS-1 exploration well on Uytas prospect on Block A.
Enquiries:
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Max Petroleum Plc
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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
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Tom Randell / Anca Spiridon |
Tel: +44 (0)7887 884 794 |
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WH Ireland Ltd
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Daniel Bate |
Tel: +44 (0)161 832 2174
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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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