Max Stops Drilling at Kazakh Nur-1 in Block E

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that it is releasing the Saipem National 1625 DE onshore deep drilling rig drilling the NUR-1 well at the Emba B Prospect in Block E given the need to obtain additional capital to complete the well.

The Company will continue discussions with the relevant Kazakh Government authorities to seek regulatory approval to allow completion of the drilling of NUR-1 beyond the existing deadline of 4 March 2013, and is considering options to separately finance the completion of the NUR-1 pre-salt well.

Negotiations are also currently ongoing with debt and equity providers to provide financing to complete the Company’s post-salt exploration programme and underpin future appraisal and development drilling. When there is further progress with these negotiations the Company will update the market.

• WesternZagros Starts Garmian Drilling Program 
• Spudding of the 4th Well of Phase of Kharsang Field 
• Kosmos Announces Results from Sipo-1 Exploration Well 
• HRT Announces Results of Wingat Well 
• Marine-1 Drilling Rig to Start Operations in SP Phase 20 
• Tullow Oil Spuds Etuko-1 Well in Block 10BB 
• Pacific Provides Update on Oil Discovery in Bilby-1 
• Northern Petroleum Spuds GM-ES-4 Exploration Well 
• BPZ Energy Provides Operational Update 
• Apache Announced Three Discovers in Egypt 

• Max Petroleum Executes a New Drilling Contract 
• Max Petroleum Updates Operations in Kazakhstan 
• Max Announces Equity for Services Share Allotment to Zhanros 
• Max Petroleum Announces Kazakh BSBNE-1 Drilling Update 
• Oil & Gas Companies