23rd Apr 2014 07:00
Max Petroleum Plc
(the "Company")
Successful appraisal well at East Kyzylzhar I
23 April 2014
Max Petroleum Plc, an oil and gas company focused on Kazakhstan is pleased to announce the successful drilling results of an appraisal well in the East Kyzylzhar I Field. The KZIE-5 appraisal well has reached a vertical depth of 1,295 metres with electric logs indicating seven metres of net oil pay in two Jurassic reservoirs over a 22 metre gross interval at vertical depths between 1,150 and 1,172 metres. Reservoir quality is excellent with porosities ranging from 18% to 35%. The Company is setting production casing in the well and will begin testing KZIE-5 as soon as practicable. The Zhanros ZJ-30 rig will next move to drill the KZIE-4 appraisal well.
Enquiries:
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Kenneth Hopkins, Chief Operating Officer of Max Petroleum Plc, is the qualified person that has reviewed and approved the technical information contained in this announcement. Mr. Hopkins holds a Bachelor of Science degree in Marine Sciences and a Master of Science degree in Geology from Texas A&M University and is a certified petroleum geologist with 32 years of experience in the oil and gas industry.
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