Max Petroleum Plc announces discovery at Eskene North

Monday, Dec 31, 2012

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ESKN-1 exploration well in the Eskene North prospect has reached a depth of 1,507 metres with electric logs indicating 20 metres of net pay over an 90 metre gross interval in the Triassic Formation at measured depths between 1,272 and 1,362 metres. Reservoir quality is fair with porosities ranging from 15% to 20%.

The Company is setting production casing in the well and expects to begin testing ESKN-1 [early in] 2013 to determine commerciality after obtaining the relevant government approvals. The Zhanros rig will now move to drill the Tolegen West prospect in Western Block E, targeting eight million barrels of mean resources.

Source: Max Petroleum Plc

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