30th Dec 2013 07:00
Max Petroleum Plc
(the "Company")
Successful appraisal well at Sagiz West
30 December 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce successful drilling results of an appraisal well in Sagiz West Field.
The SAGW-8 appraisal well in the Sagiz West field has reached a vertical depth of 1,351 metres with electric logs indicating seven metres of net pay over a 24 metre gross interval in the Triassic Formation at vertical depths between 1,225 and 1,249 metres. Reservoir quality is very good with porosities ranging from 15% to 25%. The Company is setting production casing in the well and will begin testing SAGW-8 as soon as practicable. The Zhanros ZJ-30 rig will next move to drill the SAGW-11 well in the southern portion of the field, one of four wells remaining in the current appraisal programme at Sagiz West.
Enquiries:
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Richard Hook, Chief Operating Officer of Max Petroleum Plc, 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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