Max Petroleum Updates Drilling Ops in Kazakhstan

Max Petroleum announced an update of its drilling operations in the Blocks A&E license area in the Republic of Kazakhstan.

ZLGS-1 exploration well in Zhalgyz South prospect non-productive

The Company has completed drilling the ZLGS-1 exploration well on the Zhalgyz South prospect in Block A. The well reached a total depth of 1,435 meters without encountering producible hydrocarbons and will be plugged and abandoned. The Zhanros ZJ-20 drilling rig will now move on to drill the KZIE-2 appraisal well testing Jurassic reservoirs in the recently discovered East KyzylzharI Field in Block E.

Appraisal well spudded in Zhana Makat Field

The ZMA-A19 appraisal well has been spudded in the Zhana Makat Field. The total depth of the well will be approximately 950 meters targeting Jurassic reservoirs.

Deep rig on location and being commissioned to drill the NUR-1 well

The Saipem drilling rig is on location and currently being commissioned to begin drilling the NUR-1 well on the Emba B prospect in Block E. The Company expects the well to spud within the next few days once the rig is accepted to commence operations.