Max Petroleum Logs Additional Oil Pay Onshore Kazakhstan

Max Petroleum noted that the ZMA-A12 development well in the Zhana Makat Field has reached a total measured depth of 883 meters, with electric logs indicating 16 meters of net oil pay over three Jurassic sandstone reservoirs at true vertical depths between 786 and 832 meters, all in line with expectations.

The Company has run production casing in the well, which will be completed and tested in the next few weeks. The Sun ZJ-30 drilling rig is currently moving to drill the BOR-1 exploration well on the Borkyldakty prospect in Block E, which is expected to spud on or around December 31, 2009.