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]