During the drilling, the exploration well reached a depth of 1,507m and the electric logs suggested 20m of net pay in the Triassic Formation.

The well intersected the net pay over 90m gross interval in the reservoir between 1,272m and 1,362m.

The reservoir quality encountered fair porosities ranging from 15% to 20%.

Max Petroleum president and chief financial officer Michael Young said the company has encountered lower quality oil in the Eskene North discovery and suggested substantial oil from the other post-salt Triassic discoveries.

"We will announce the results of our production test as soon as possible and look forward to confirming our eighth commercial discovery," Young added.

Max is setting production casing in the well and is expecting to start testing the ESKN-1 well in early 2013, to establish the commercial viability of the discovery.