Max Petroleum to start drilling at Kazakh well

SHARES in Kazakhstan-focused Max Petroleum edged up yesterday after it announced that it expects to start drilling a well on the Emba B prospect by the end of October at the latest.

Max closed up 1.67 per cent to 15.25p on the alternative investment market last night as it announced it is preparing to receive a deep drilling rig for its “deep salt” drill programme on the Emba B prospect in Kazakhstan, which analysts currently value at $610m (£386m).