Max Petroleum Finds Oil at KZIE-2 Appraisal Well

Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, announced Thursday that the KZIE-2 appraisal well in the East Kyzylzhar I Field has reached a total depth of  4,245 feet (1,294 meters).

Electric logs indicate seven metres of net oil pay, including two metres in the Cretaceous Neocomian reservoir at depths from 627 to 629 metres, and five metres in the Jurassic reservoir at depths from 3,983 to 4,003 feet (1,214 to 1,220 meters).

Reservoir quality appears excellent with porosities ranging from 25 percent to 30 percent.

The Company will run production casing in the well, which will be completed and placed on test production after obtaining the requisite governmental approvals.

The ZJ-20 drilling rig will next move on to drill the SAGW-3 appraisal well in the Sagiz West Field.

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