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Max Petroleum NUR-1 Drilling Update

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an update on drilling at the NUR-1 pre-salt well at the Emba B prospect on Block E. The well has reached the top of the Kungarian salt at a depth of 5,718 metres. Upon drilling into the salt, a high pressure transition was encountered resulting in the drilling tools becoming stuck. Operations are currently underway to retrieve them, after which the Company will set intermediate casing and drill ahead as planned.  The Company currently expects the well to reach total depth of 7,250 metres in early June 2012.

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