April 22, 2012
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02.02.2012

Max Petroleum Reports Production Test Results

Max Petroleum Plc (MXP.LSE), an oil and gas exploration and production company focused on Kazakhstan, has begun testing a second Triassic reservoir in the SAGW-1 well in the Sagiz West Field in Kazakhstan, the company reported in a news release.

The tests were run at at depths between 1,243 to 1,255 metres, where a flow of 43 API gravity oil came at a stable rate of 430 barrels of oil per day (“bopd”) over a 17-hour period.

Additionally, Max Petroleum has begun testing a second Jurassic reservoir in the ASK-1 well in the Asanketken Field at depths between 1,271 to 1,277 metres, flowing 36 degree API gravity oil at a stable rate of 1,005 bopd over a 24-hour period.

Both wells are connected to temporary production facilities and will be placed on long-term test production for up to 90 days.

Copyright 2012, Max Petroleum. All rights reserved.

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