MAX PETROLEUM PLC (United Kingdom) announces results of drilling wells in fields Sagyz West and Uytas

/KASE, September 13, 13/ – MAX PETROLEUM PLC (London), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of September 12, 2013: quote Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce positive drilling results at Uytas, and the spudding of appraisal wells at the Sagiz West and Uytas fields. In the Uytas field, the UTS-14 appraisal well successfully reached a total depth of 200 metres, with electric logs indicating eight metres of net oil pay in Cretaceous reservoirs over a 42 metre interval ranging in depths from 115 to 157 metres, in line with expectations. Reservoir quality is excellent. Hydrocarbon shows were not encountered in the shallow Albian section. The Company plans to complete the well and place it on test production as soon as practicable. At Uytas the Company has also commenced drilling the UTS-16 appraisal well. The well will be drilled to a total vertical depth of approximately 200 metres targeting Cretaceous reservoirs using the mobile truck mounted rig from Zhanros. After UTS-16, an additional seven wells remain to be drilled as part of the initial appraisal programme in the field. The Company has commenced drilling the SAGW-6 appraisal well in the Sagiz West Field on Block E using the Zhanros ZJ-30 rig. The well is the third in an 11 well appraisal programme and will be drilled to a total vertical depth of approximately 1,450 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 / Tom Yeadon Tel: +44 (0)207 710 7600 unquote [2013-09-13]