MAX PETROLEUM 2007 A giant in the making

JTC,

You'll see from the November Investor presentation that the first intermediate well is to be drilled in 1Q2007. The presentation also reconfirms that East Alibek, the first deep well is on target for spudding 4Q2006. News on that one soon then



The WH Ireland broker suggested in his October note that a total reserve base of some 60-70mbo will justify the current market cap. East Alibek is assessed by the Cp at 67mbo

Tone