Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Max Petroleum Plc    MXP   GB00B0H1P667

SummaryQuotesChartsNewsCalendarCompany 
News SummaryMost relevantAll newsSector newsTweets 

Max Petroleum Plc : - Discovery at Eskene North

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/01/2013 | 07:31am CEST

?

Max Petroleum Plc

(the "Company")

Discovery at Eskene North

31 December 2012

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ESKN-1 exploration well in the Eskene North prospect has reached a depth of 1,507 metres with electric logs indicating 20 metres of net pay over an 90 metre gross interval in the Triassic Formation at measured depths between 1,272 and 1,362 metres. Reservoir quality is fair with porosities ranging from 15% to 20%. 

The Company is setting production casing in the well and expects to begin testing ESKN-1 [early in] 2013 to determine commerciality after obtaining the relevant government approvals. The Zhanros rig will now move to drill the Tolegen West prospect in Western Block E, targeting eight million barrels of mean resources.

Michael Young, President and Chief Financial Officer of Max Petroleum commented:

"The Eskene North discovery looks to have substantial oil in place though the porosity is of lower quality than we have seen in some of our other post-salt Triassic discoveries. We will announce the results of our production test as soon as possible and look forward to confirming our eighth commercial discovery."

Enquiries:

Max Petroleum Plc

Michael Young

President and Chief Financial Officer

Tel: +44 (0)207 355 9590


Tom Randell

Director of Investor Relations


College Hill

David Simonson/ Anca Spiridon

Tel: +44 (0)207 457 2020

WH Ireland Ltd

Daniel Bate / Katy Mitchell

Tel: +44 (0)161 832 2174

Macquarie Capital

Steve Baldwin/ Jeffrey Auld/ Nicholas Harland

Tel: +44 (0)203 037 2000

Oriel Securities

Michael Shaw / Ashton Clanfield

Tel: +44 (0)207 710 7600






This information is provided by RNS
The company news service from the London Stock Exchange

RNS news service provided by Hemscott Group Limited.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MAX PETROLEUM PLC
2015DJMAX PETROLEUM : Holds Out Hope of Rescue Deal
2015 MAX PETROLEUM : Financial and Operational Update
2015DJMAX PETROLEUM : Facing Insolvency Without Financing Deal - Update
2014 MAX PETROLEUM : Conclusion of Formal Sale Process
2014 MAX PETROLEUM : Form 8.3 - Max Petroleum PLC
2014 MAX PETROLEUM : Form 8.3 - Max Petroleum PLC_Replacement
2014 MAX PETROLEUM : EGM Statement
2014 MAX PETROLEUM : Form 8.3 - Max Petroleum Plc
2014 MAX PETROLEUM : Form 8.3 - Max Petroleum PLC
2014 MAX PETROLEUM : Form 8.5 (EPT/RI)
More news
Sector news : Oil & Gas Exploration and Production - NEC
02:36aDJConocoPhillips to Sell Portion of Canadian Oil-Sands Assets For $13.3 Billion..
02:31a ConocoPhillips sells oil and gas assets to Cenovus for $13.3 billion
03/29 TSX gains as energy shares rise along with oil
03/29DJConocoPhillips to Sell Chunk of Canadian Oil-Sands Assets For $13.3 Billion
03/25DJOil Investors Tap Deep Cash Well -- WSJ
More sector news : Oil & Gas Exploration and Production - NEC
Advertisement
Chart MAX PETROLEUM PLC
Duration : Period :
Max Petroleum Plc Technical Analysis Chart | MXP | GB00B0H1P667 | 4-Traders
Full-screen chart
Managers
NameTitle
James Andrew Jeffs Director
Robert Bourland Holland Director
Kanat Shaikhanovich Assaubayev Director
Aidar Kanatovich Assaubayev Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MAX PETROLEUM PLC-79.64%0
CONOCOPHILLIPS-9.49%56 787
EOG RESOURCES INC-4.06%55 984
CNOOC LTD-3.21%53 573
OCCIDENTAL PETROLEUM C..-10.46%48 765
WILLIAMS PARTNERS LP7.28%39 679
More Results