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Max hits hydrocarbons and readies rig for next Kazakhstan drill

10th June 2014

Max Petroleum has announced that the ZMA-E7 development well in the Zhana Makat field has successfully reached a total vertical depth of 997 metres, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations

Max discovers hydrocarbons and readies rig for next Kazakhstan drill
The estimated total cost to drill the ZMA-E8 well is less than USD 1m, in line with other wells drilled at Zhana Makat

Max plans to complete the well and then place it on production as soon as practicable.

The Zhanros ZJ-30 rig will next be mobilised to the Zhana Makat main camp where it will be stacked. The cost of stacking the rig is expected to be immaterial and it will ensure the rig is ready to drill the ZMA-E8 well once regulatory permission to drill the well is granted, which is expected in Q3 this year.

The estimated total cost to drill the ZMA-E8 well is less than USD 1m, in line with other wells drilled at Zhana Makat, and will be targeting a potentially significant extension of the Zhana Makat field to the south east of the existing appraised area.

 

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