Max Petroleum Strikes More Oil in Kazakhstan
Tuesday 17 May 2011
Max Petroleum Plc (LSE:MXP), an oil and gas exploration and development company focused on Kazakhstan, has announced that the ZMA-ET2 appraisal well in the Zhana Makat Field, Kazakhstan, has reached a total depth of 1,492 metres, with electric logs indicating 18 metres of net oil pay in three Triassic sandstone reservoirs at depths ranging between 1,283 and 1,358 metres.
Reservoir quality appears excellent with porosities ranging from 18 to 26%. The Company is running production casing in the well. The Company will complete and test the ZMA-ET2 well using a workover rig after obtaining the requisite governmental approvals, and will announce test results as soon as practicable.