Max Petroleum begins drilling ZMA-E6 well in Kazakhstan
AIM-listed oil and gas exploration company Max Petroleum has commenced drilling the ZMA-E6 development well in the Zhana Makat Field in Kazakhstan, an operational update has shown.
AIM-listed oil and gas exploration company Max Petroleum has commenced drilling the ZMA-E6 development well in the Zhana Makat Field in Kazakhstan, an operational update has shown.
The company, reported that it is using Zhanros Drilling's ZJ-20 rig and said that the total vertical depth of the well would be approximately 900m targeting Jurassic reservoirs.
The Jurassic period is a geological period extending from approximately 200m years ago to 145m years ago.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Max Petroleum's share price was down 0.55% to 3.63% at 11:17 on Tuesday. This followed a day high of 3.72p per share.
MF
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Will Labour change the rules on pension tax relief?
Speculation is mounting that tax hikes could be announced in Rachel Reeves’s first Budget. Will pension tax relief rules be reformed?
By Katie Williams Published
-
NatWest shares surge after profits beat expectations
NatWest, which has been one of the FTSE 100’s best-performing stocks this year, notched up profits of £1.7bn during the quarter
By Chris Newlands Published