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

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
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.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
The five insurance policies you should have
Some insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
-
Is Donald Trump putting the US dollar in danger?
Donald Trump's administration sees one of its greatest advantages – the US dollar – as a burden. Gold is the obvious beneficiary, says Cris Sholto Heaton.