Max Petroleum is pleased to announce the successful drilling results of an appraisal well in the East Kyzylzhar I Field. The KZIE-5 appraisal well has reached a vertical depth of 1,295 metres with electric logs indicating seven metres of net oil pay in two Jurassic reservoirs over a 22 metre gross interval at vertical depths between 1,150 and 1,172 metres.
Reservoir quality is excellent with porosities ranging from 18% to 35%. The Company is setting production casing in the well and will begin testing KZIE-5 as soon as practicable. The Zhanros ZJ-30 rig will next move to drill the KZIE-4 appraisal well.