MAX PETROLEUM PLC (United Kingdom) informed on successful drilling of ZMA-E6 development well in the Zhana Makat Field
16.05.13 17:17
/KASE, May 16, 13/ – MAX PETROLEUM PLC (London), shares of which are
officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE
the following press release of May 16, 2013:
quotation
Max Petroleum Plc, an oil and gas exploration and production company focused
on Kazakhstan, is pleased to announce that the ZMA-E6 development well in
the Zhana Makat Field has successfully reached a total depth of 897 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-20 rig will now move to
drill the UTS-5 exploration well in the Uytas North Prospect on Block A,
targeting resource potential of 11 million barrels of oil with a current
geological chance of success of 24%.
Contacts:
Max Petroleum Plc
Michael Young
President and Chief Financial Officer
Tom Randell
Director of Investor Relations
Tel: +44 (0)207 355 9590
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
ends
[2013-05-16]