Max Petroleum is pleased to announce successful drilling results of the final well in the current appraisal drilling programme in the Sagiz West Field.

The SAGW-7 appraisal well has reached a depth of 1,438 metres with electric logs indicating 24 metres of net pay in four Triassic reservoirs over a 117 metre gross interval at vertical depths between 1,172 and 1,289 metres, including 19 metres of net oil pay in three upper reservoirs and five metres of net gas pay in one lower reservoir.

Reservoir quality is excellent with porosities ranging from 15% to 27%. The Company is setting production casing in the well and will begin testing SAGW-7 as soon as practicable.

Tags: Max Petroleum Plc