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]