Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/max-petroleum-announce-successful-development-well.shtmlMax Petroleum announce successful development well in Zhana Makat
Max Petroleum provides a drilling and operational update regarding its activities
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Max Petroleum provides a drilling and operational update regarding its activities in the Blocks A&E Licence in Western Kazakhstan (the "Licence").
Zhana Makat Field
The ZMA-E5 development well in the Zhana Makat Field has successfully reached a total depth of 871 metres, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations. The Company plans to complete the well and then place it on production as soon as practicable.
The Zhanros ZJ-20 rig will now move to drill the ZMA-E6 development well in the Zhana Makat Field before moving to Block A to drill the Uytas North Prospect, targeting resource potential of 11 million barrels of oil (mmbo) with a current geological chance of success of 24%.
