Max Petroleum is pleased to announce successful drilling results with appraisal wells in the Eskene North and Uytas fields.

The ESKN-2 appraisal well in the Eskene North field has reached a depth of 1,523 metres with electric logs indicating 29 metres of net pay over a 173 metre gross interval in the Triassic Formation at measured depths between 1,222 and 1,395 metres. Reservoir quality is fair with porosities ranging from 15% to 20%. The Company is setting production casing in the well and will begin testing ESKN-2 as soon as practicable.

In the Uytas field, the UTS-12 appraisal well successfully reached a total depth of 450 metres, with electric logs indicating seven metres of net oil pay in Cretaceous and Jurassic reservoirs, including two metres of net oil pay over a four metre interval ranging in depths from 119 to 123 metres in the Cretaceous Aptian formation, two metres of net oil pay ranging in depths from 245 to 247 metres in the Lower Cretaceous formation and three metres of net oil pay over a seven metre interval ranging in depths from 311 to 318 metres in the Jurassic section.

Tags: Max Petroleum Plc