Max Petroleum announces an increase in the Sagiz West deposit reserves.

British oil and gas company Max Petroleum Plc, which focuses in the Republic of Kazakhstan, announces about the evaluation of the Sagiz West deposit reserves on December 31, 2013, prepared by Ryder Scott Company. In fact, the company has updated its own assessment of the Sagiz West deposit reserves made on September 30, 2013.

According to Max Petroleum, an updated estimate includes two successful appraisal wells (SAGZ - 8 and SAGZ - 12) drilled on the field within the quarter, ended December 31, 2013, as well as two unsuccessful appraisal wells (SAGZ -14 and SAGZ -11) that were drilled in October 2013 and January 2014 respectively.

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