Max Petroleum Reaches TD at Zhana Makat Well
Max Petroleum announced that the ZMA-A23 development well in the Zhana Makat Field in Kazakhstan has reached a total depth of 890 meters, with electric logs indicating 10 meters of net oil pay in Jurassic sandstone reservoirs at depths ranging between 808 and 833 meters. Reservoir quality appears excellent with porosities ranging from 20% to 34%. The Company has run production casing in the well, which will be completed and placed on production immediately after obtaining the requisite governmental approvals. The PM Lucas IDECO rig will now move to drill the ZMA-E2 appraisal well in the Zhana Makat Field.
- Max Petroleum's Kazakh Bank Accounts Suspended, Exports Halted (Mar 20)
- Max Raises Development Funds from Kazakhstan's Assaubayev Family (Aug 04)
- Max Petroleum Says Reviewing Strategic Options (Jul 22)