Max Petroleum Plc announced successful drilling results of an appraisal well in Sagiz West Field. The SAGW-8 appraisal well in the Sagiz West field has reached a vertical depth of 1,351 metres with electric logs indicating seven metres of net pay over a 24 metre gross interval in the Triassic Formation at vertical depths between 1,225 and 1,249 metres. Reservoir quality is very good with porosities ranging from 15% to 25%.

The Company is setting production casing in the well and will begin testing SAGW-8 as soon as practicable. The Zhanros ZJ-30 rig will next move to drill the SAGW-11 well in the southern portion of the field, one of four wells remaining in the current appraisal programme at Sagiz West.