MAX PETROLEUM PLC (United Kingdom) announces completing drilling appraisal well UTS-7 in field Uytas

/KASE, June 24, 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 24, 2013: quote Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that it has completed drilling the UTS-7 appraisal well in the Uytas Field on Block A. The well reached a total depth of 550 metres encountering insufficient hydrocarbons to be commercial and therefore will now be plugged and abandoned. This was the first well in a 13 well appraisal programme at the Uytas Field, and was drilled to define the limit of the Jurassic accumulation on the eastern edge of the field. The result does not affect the estimated size of the Cretaceous accumulations at the Uytas Field, where the majority of contingent resources are held. The Zhanros ZJ-20 rig will next move to drill the UTS-11 well, the second of the 13 appraisal wells to be drilled at the Uytas Field this summer. This well is intended to delineate both Cretaceous and Jurassic reservoirs in the central portion of the 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 [2013-06-24]