Max Petroleum announce positive drilling results at Uytas, and the spudding of appraisal wells at the Sagiz West and Uytas fields.

In the Uytas field, the UTS-14 appraisal well successfully reached a total depth of 200 metres, with electric logs indicating eight metres of net oil pay in Cretaceous reservoirs over a 42 metre interval ranging in depths from 115 to 157 metres, in line with expectations. Reservoir quality is excellent. Hydrocarbon shows were not encountered in the shallow Albian section. The Company plans to complete the well and place it on test production as soon as practicable.

At Uytas the Company has also commenced drilling the UTS-16 appraisal well. The well will be drilled to a total vertical depth of approximately 200 metres targeting Cretaceous reservoirs using the mobile truck mounted rig from Zhanros. After UTS-16, an additional seven wells remain to be drilled as part of the initial appraisal programme in the field.

Tags: Max Petroleum Plc