Max pay day in Kazakhstan

Hitting the mark: Max drilling work in Kazakhstan

MAX PETROLEUM

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Steve Marshall

 03 September 2012 08:39 GMT

UK junior Max Petroleum believes it has made a commercial oil discovery with a probe at the Baichonas West prospect in Kazakhstan.

The BCHW-1 exploration well struck 13 metres of net pay over a 20-metre interval in a Jurassic formation after being drilled to a depth of 1430 metres at the prospect  in Block E, with “good reservoir quality”, the company said in a statement.

“The charged reservoirs are slightly thinner than anticipated, but provided the test demonstrates good productivity, we expect Baichonas West to become our seventh commercial discovery,” Max president Michael Young said in a statement.

The probe was targeting a four-way anticline targeting unrisked mean resources of 10 million barrels of oil in Jurassic and Triassic reservoirs.

The find marks a…

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