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]