Max Reports on Successful Drilling at Sagiz West Field in Kazakhstan

Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announced Friday successful drilling results of an appraisal well in Sagiz West Field in Kazakhstan.

The SAGW-10 appraisal well has reached a depth of 4,593 feet (1,400 meters) with electric logs indicating 52 feet (16 meters) of net oil pay over a 78 foot (24 meter) gross interval in the Triassic Formation at vertical depths between 4,019 and 4,097 feet (1,225 and 1,249 meters). Reservoir quality is very good with porosities ranging from 15 percent to 27 percent. The Company is setting production casing in the well and will begin testing SAGW-10 as soon as practicable.

The Zhanros ZJ-30 rig will next move to drill the SAGW-13 well which is designed to extend the southern limit of the field, one of two wells remaining in the current appraisal programme at Sagiz West.


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