Max Wins Okay to Resume Zhana Makat Drilling

Max Petroleum Plc on Friday received the formal results of the commission investigating the recent well control incident involving Max's ZMA-A6 exploration well in the Zhana Makat field in Kazakhstan.

The commission, consisting of representatives from the local regulatory authorities, Max, and the drilling contractor, determined that the unpredicted high pressure and resulting flow of water and drilling fluids to the surface was caused by circumstances outside of the control of the parties involved.

Max has been authorized to resume drilling operations and plans to do so as soon as possible using a second drilling rig that is currently in the field. Max is also continuing to assess the damage to the Skytop Brewster drilling rig and is evaluating alternatives to mitigate the short-term impact to the company's drilling program.