Max Appraisal Well Finds More Oil at Uytas

Kazakhstan-focused junior explorer Max Petroleum reported Tuesday that its UTS-10 appraisal well on the Uytas field has found oil.

Max said that the well was successfully drilled to a total depth of 1,590 feet, with electric logs indicating a total of 30 feet of net oil pay in Cretaceous and Jurassic reservoirs. This includes 10 feet of net oil pay in the Cretaceous Aptian section.

The UTS-100 well was drilled down-dip on the flank of the reservoir structure and confirms the position of the oil water contact in the Aptian as seen in wells previously drilled in the central part of the structure.

The Jurassic section includes s20 feet of net oil pay in a 157.5-foot interval with oil shows at depths ranging from 1,075 to 1,235 feet. Max said that reservoir quality in both the Cretacous and Jurassic sections is "excellent".

Max added that the shallow Albian was reservoir zone was encountered by the well with visual oil shows from 46 to 58 meters. Electric logs through the Albian reservoirs suggest some oil saturation but are inconclusive due to enlargement of the wellbore in this interval.

The company plans to complete the well and then place it on test production as soon as practicable.


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