Max Petroleum has drilled the UTS-1 exploration well on the Uytas prospect in block A in Kazakhstan to a total depth of 827m.
The well data indicates potential pay zones in the well, including eight metres of estimated net oil pay in the Jurassic formation at a depth of 331-339m, and six metres of estimated net oil pay in the Triassic section at a depth of 785-800m.
Data also indicates an estimated 16m of net oil pay in the shallower Cretaceous section as part of a potentially significant 86m oil column ranging from depths of 60m to 146m.
The firm plans to begin testing the well in about one month.
Twitter