MAX PETROLEUM PLC (United Kingdom) announces successful drilling of development well at Borkyldakty field

08.08.13 16:38
/KASE, August 8, 13/ – MAX PETROLEUM PLC (London), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of August 8, 2013: quote Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the ZMA-A21 development well in the Zhana Makat Field has successfully reached a total vertical depth of 861 metres, encountering hydrocarbons in Neocomian and 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 SAGW-5 appraisal well in the Sagiz West Field. The Company has also commenced drilling the BOR-4 development well in the Borkyldakty Field on Block E using the Zhanros ZJ-20 rig. Total vertical depth of the well will be approximately 1,600 metres targeting Triassic reservoirs. 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 [2013-08-08]