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Successful Development Well in Zhana Makat

4th Jul 2013 07:00

RNS Number : 5641I
Max Petroleum PLC
04 July 2013
 



Max Petroleum Plc

(the "Company")

 

Successful development well in Zhana Makat

 

4 July 2013

 

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the ZMA-E3 development well in the Zhana Makat Field has successfully reached a total depth of 903 metres, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations. The Company plans to complete the well and then place it on production as soon as practicable. The Zhanros ZJ-30 rig will now move to drill the ZMA-A21 development well also in the Zhana Makat Field.

 

 

Enquiries:

 

Max Petroleum Plc

 

 

Michael Young

President and Chief Financial Officer

Tel: +44 (0)207 355 9590

 

Tom Randell

Director of Investor Relations

 

College Hill

 

David Simonson/ Anca Spiridon

Tel: +44 (0)207 457 2020

WH Ireland Ltd

 

Daniel Bate / Katy Mitchell

Tel: +44 (0)161 832 2174

 

Macquarie Capital

Steve Baldwin/ Nicholas Harland

 

Tel: +44 (0)203 037 2000

Oriel Securities

Michael Shaw / Ashton Clanfield

Tel: +44 (0)207 710 7600

 

 

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.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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