Max Petroleum reports successful appraisal at East Kyzylzhar I

4/24/2014

Max Petroleum reports successful appraisal at East Kyzylzhar I

LONDON -- Max Petroleum reported 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 1,295m with electric logs indicating 7m of net oil pay in two Jurassic reservoirs over a 22m gross interval at vertical depths between 1,150 and 1,172m.

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.

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