Max Petroleum -
Max Petroleum Plc provide drilling update
Monday, Jan 28, 2013

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that it has completed drilling the TOLW-1 exploration well on the Tolegen West prospect on Block E. The well reached a total depth of 1,540 metres without encountering producible hydrocarbons. The well will now be plugged and abandoned. The Zhanros rig will next move to the Zhana Makat field to drill the ZMA-A20 well, the first of five development wells to be drilled in Zhana Makat during 2013.

The Company is currently seeking regulatory approval for a two-year appraisal extension over the entire Blocks A&E Licence (the “Licence”) until March 2015, which would allow the Company to drill its two remaining post-salt prospects subsequent to March 2013. The Company will provide a more comprehensive update on the status of its Licence in the near future.

Source: Max Petroleum Plc

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