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Max Petroleum receives approval of licence extension


Published May 16, 2013
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Max Petroleum

Max Petroleum has received final regulatory approval of a two-year extension of the exploration period of the Company's Blocks A&E Licence by the Ministry of Oil & Gas of the Republic of Kazakhstan (the "Appraisal Extension").

The Company is placing the four wells in the Asanketken Field onto trial production and returning the BCHW-1 well in the Baichonas Field to test production, effective immediately. As a result, the Company expects its current production of approximately 2,200 barrels of oil per day (bopd) from the Zhana Makat Field to increase by a minimum of 2,000 bopd.

Tags: Max Petroleum Plc



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