MAX PETROLEUM PLC (United Kingdom) started drilling the SAGW-5 in Sagiz West

14.08.13 16:59
/KASE, August 14, 13/ – MAX PETROLEUM PLC (London), shares of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of August 13, 2013: quotation Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the SAGW-5 appraisal well in the Sagiz West Field on Block E using the Zhanros ZJ-30 rig. The well will be drilled to a total vertical depth of 1,400 metres, targeting Triassic reservoirs. The Zhanros ZJ-30 rig is now expected to remain on the Sagiz West Field for up to 10 further appraisal wells in addition to the four wells drilled to date at the field. 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 [2013-08-14]