MAX PETROLEUM PLC (United Kingdom) successful well drilled in the Borkyldakty field

27.08.13 17:01
/KASE, August 27, 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 27, 2013: quotation Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has finished drilling the BOR-4 development well in the Borkyldakty Field, reaching total vertical depth of 1,609 metres. The well successfully encountered approximately 31 metres of net oil pay across four Triassic reservoirs ranging in depths from 1,395 to 1,532 metres, which was in line with expectations. The Company plans to complete the well and place it on production as soon as practicable. The Zhanros ZJ-20 rig will now move to drill the BCHW-3 appraisal well in the Baichonas West 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 end [2013-08-27]