Regulatory Story
Go to market news section View chart   Print
Company Max Petroleum PLC
TIDM MXP
Headline

Drilling Update

Released 07:00 28-Jan-2013
Number 4560W07

RNS Number : 4560W
Max Petroleum PLC
28 January 2013
 



Max Petroleum Plc

(the "Company")

 

Drilling Update

 

28 January 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.

 

Enquiries:

 

Max Petroleum Plc

 

 

Michael Young

President and Chief Financial Officer

Tel: +44 (0)207 355 9590

 


Tom Randell

Director of Investor Relations

 


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/ Jeffrey Auld/ Nicholas Harland

 

Tel: +44 (0)203 037 2000

Oriel Securities

Michael Shaw / Ashton Clanfield

Tel: +44 (0)207 710 7600



 

Richard Hook, Chief Operating Officer of Max Petroleum, is the qualified person that has reviewed and approved the technical information contained in this announcement. Mr. Hook is a member of the Houston Geological Society and holds both Masters and Bachelors of Science degrees in geology.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLNKODBOBKDDDB
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Drilling Update - RNS