Roxi Provides an Operational Update in Kazakhstan

Source: www.gulfoilandgas.com 2/3/2010, Location: Asia

Roxi Petroleum plc is an AIM listed exploration and production company operating in Kazakhstan, has provided an operational update.

Galaz
Exploration well NK22 is drilling ahead at 2550m in the Middle Jurassic having encountered shows in the Arskum and Upper Jurassic sandstones. The well is drilled on a turn-key contract and has been drilled slower than anticipated to ensure the best quality borehole for testing and evaluation at no extra cost to Roxi. A Pilot Production Project has been submitted for approval on NW Konys’ C1 reserves of 7.3mmbbls. Management are expecting the results of this application should be announced before the end of April 2010.


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