Max Petroleum has received approval from the relevant Kazakhstan authority for its 2010 work program for the Astrakhanskiy License, which includes the drilling of the first exploration well in 2010.
The Astrakhanskiy Block consists of 1,273 km2 located onshore in the Atyrau Oblast in Western Kazakhstan. The Block is adjacent to the giant gas-condensate Astrakhan field in Russia and its extension into Kazakhstan, Imashevskoye. Max Petroleum acquired a 100% interest in the Astrakhanskiy license in January 2006.
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