Max Petroleum Plc Announces Drilling Update in Kazakhstan

January 14, 2013

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the TOLW-1 exploration well on the Tolegen West prospect on Block E using Zhanros Drilling’s ZJ-20 rig. Total vertical depth of the well will be approximately 1,600 metres. The Tolegen West prospect is a four-way anticline targeting unrisked mean resources of 8 million barrels of oil in Triassic reservoirs.