Max Petroleum announce successful drilling results of an appraisal well in Sagiz West Field.

The SAGW-12 appraisal well has reached a depth of 1,524 metres with electric logs indicating 13 metres of net oil pay over a 64 metre gross interval in the Triassic Formation at measured depths between 1,185 and 1,249 metres. Reservoir quality is good with porosities ranging from 15% to 27%. The Company is setting production casing in the well and will begin testing SAGW-12 as soon as practicable.

The Zhanros ZJ-30 rig will next move to drill the SAGW-8 well in the central portion of the field, one of five wells remaining in the current appraisal programme at Sagiz West.

Tags: Max Petroleum Plc