Max Petroleum makes new Kazakhstan discovery
Max Petroleum, the Kazakhstan focused oil and gas company, says test results show its ZMA-A19 development well may contain a reservoir of oil 28 metres thick.
Max Petroleum, the Kazakhstan focused oil and gas company, says test results show its ZMA-A19 development well may contain a reservoir of oil 28 metres thick.
The firm says the "quality appears excellent with porosities ranging from 20% to 34%."
The well will be completed and placed on production as soon as the Kazakhstan authorities grant approval.
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
Shares in Max had risen 5.16% by 08:38.
BS
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
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published