Max Petroleum: Sagiz West Appraisal Well Strikes 30m of Good Pay

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce the SAGW-6 appraisal well in the Sagiz West Field has reached a total vertical depth of 1,453 metres, with electric logs indicating 30 metres of net oil pay over a 93 metre interval at depths ranging from 1,194 to 1,287 metres. Reservoir quality appears good with porosities ranging from 15% to 23%. The Company is running production casing in the well, which will be completed and placed on test production after obtaining the requisite governmental approvals. The ZJ-30 drilling rig will next move to drill the SAGW-14 appraisal well near the southern end of the Sagiz West Field.