MAX PETROLEUM PLC (United Kingdom) starts drilling appraisal well UTS-8 in field Uytas

10.06.13 15:40
/KASE, June 10, 13/ – MAX PETROLEUM PLC (London), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of June 10, 2013: quote Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the UTS-8 appraisal well in the Uytas Field on Block A using Zhanros Drilling's ZJ-20 rig. The well will be drilled to a total vertical depth of 900 metres targeting Cretaceous, Jurassic and Triassic reservoirs. The location of the UTS-8 well is beyond the current limits of the field that are estimated to contain contingent resources. If successful, the UTS-8 well could significantly extend the Western limits of the Uytas Field. Enquiries: 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 unquote [2013-06-10]