The well will be placed on a 90-day production test after all necessary government approvals are obtained in the next few weeks, the company said.
UTS-1 produced 27 degree API oil at an indicative rate of approximately 40 barrels per day from perforations in a Jurassic reservoir from depths of 373m to 377m during a brief clean-up period.
Current mapping indicates that the well is about 20m below the crest of the structural closure creating the reasonable possibility that additional Jurassic reservoirs will be productive elsewhere in the field.
The Jurassic reservoirs in the well are of excellent quality, with porosity averaging 29%, and a section in the Triassic Formation was also tested and found to be non-productive.
Initial test results from the Cretaceous reservoir in the UTS-1 discovery well indicated a 55m oil column with 31m of net oil pay.
Max Petroleum said it plans to drill three confirmation wells at Uytas over the next several months.
