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]