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
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
