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Max Flows Oil at SAGW-5 Well in Kazakhstan

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Kazakhstan-focused Max Petroleum reported Tuesday that flow tests on a Triassic reservoir in its SAGW-5 well on its Sagiz West field have seen oil flow at between 100 and 240 barrels per day on various choke sizes. The well is currently flowing at a stabilized rate of 110 bopd on a 10/64-inch choke.

The Triassic reservoir being tested is located at between 4,345 and 4,365 feet. After testing for up to 90 days in this reservoir, Max expects to recomplete the well in the next reservoir at depths of between 4,210 feet and 4,250 feet.

Max said it has also begun drilling the SAGW-14 appraisal well – which is the seventh well to be drilled on the field designed to further evaluate the southern end of the Sagiz West structure. SAGW-14 will be drilled to a total vertical depth of approximately 4,590 feet and will also target Triassic reservoirs.

The company expects to drill an additional seven appraisal wells after SAGW-14.

At Max's Uytas field, it has begun drilling the UTS-9 appraisal well – which will target Jurassic reservoirs. After UTS-9, an additional four wells will be drilled as part of an initial appraisal program of the Uytas field.



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