Max Petroleum strikes oil in Kazakhstan.

By bne IntelliNews October 20, 2010
Max Petroleum said a well in Kazakhstan had found a zone of oil on its way down to reach its main exploration targets. Testing equipment indicated that the well, UTS-1, on the Uytas prospect in western Kazakhstan found 16 metres of oil at shallower depth and that this oil column could potentially stretch for 86 metres. The company stated that the initial results of Uytas are very encouraging and could prove to be significant given the apparent size of the oil column. The company would drill ahead from the current intermediate depth of 300 metres to explore deeper targets at around 900 metres before returning to the shallower zones to test the find.

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