Max Petroleum discovers oil with BOR-1 in Kazakhstan

Max Petroleum Plc announced today that the BOR-1 exploration well on the Borkyldakty prospect in Block E of Kazakhstan has reached a total measured depth of 1,755 meters, with electric logs indicating 38 meters of net oil pay over five Triassic sandstone reservoirs at true vertical depths ranging between 1,357 and 1,536 meters. 

Max Petroleum will run production casing in the well, which will be tested in the next few weeks using a workover rig. 

After setting casing in the BOR-1 well, the Sun ZJ-30 drilling rig will move on to drill the KZN - 1 exploration well on the North Kyzylzhar II East Block prospect in Block E, which is expected to spud in early March 2010. 

"We are encouraged by the log results on Borkyldakty, the first of 12 post-salt exploration prospects we plan to drill over the next 15 to 18 months," said Michael Young, president and CFO of Max Petroleum. "By using a workover rig to complete BOR-1, we will be able to continue with our exploratory drilling program while evaluating the well."



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