Max Petroleum Provides Drilling Update

October 21, 2012

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announced that it has completed drilling the DOSNW-1 exploration well on the Dossor North-West prospect on Block E.

The well reached a total depth of 1,334 metres without encountering producible hydrocarbons and will be plugged and abandoned. The Zhanros rig will now move to drill the Besbolek North-East exploration prospect in Block E targeting 10 mmbo of mean resources.

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