October 2010: Max Petroleum's UTS–1 exploration well on the Uytas prospect in Block A has reached total depth of 827 meters. Electric logs observed while drilling indicate potential pay zones in the well, including eight meters of estimated net oil pay in the Jurassic formation between 331 and 339 meters in depth, and six meters of estimated net oil pay in the Triassic section between 785 and 800 meters in depth. As previously announced, electric logs and pressure data also indicate an estimated 16 meters of net oil pay in the shallower Cretaceous section as part of a potentially significant 86 meter oil column ranging from 60 to 146 meters.
The Company expects to commence testing the well in approximately one month using a workover rig upon receipt of the required Kazakh government approvals.After running production casing in the well, the ZJ-30 drilling rig will move on to drill the Sekir West prospect in Block A.
Additional information on Kazakhstan can be obtained from RADA LLC.
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