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

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 for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Cash in on the growth prospects of Europe's companies
Opinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
By Marcel Stotzel Published
-
Is the AI boom another dotcom bubble?
25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
By Dan McEvoy Published