"Technical data from our BNG drilling activities has been submitted to the Kazakh authorities to allow them to assess whether to increase the official state estimate of reserves. If so Roxi intends to engage an external review of the reserves at BNG prepared to SPE standards."
"Roxi's management team believes the network of shallow wells at the South Yelemes portion of the BNG Contract Area ultimately could, on a stand-alone basis, have a significant value, possibly even greater than the value of the deep discovery. Taken as a whole Roxi's management believes the drilling results to date at BNG's shallow wells constitute a significant discovery."
Roxi have undergone huge transformation over the last 6 months and have very clearly mapped out how they intend to deliver greater shareholder value over the next few months, particularly with BNG which Clive believes could be a potential world class asset which is very likely given the proximity to Tengiz and local geography.
Focus over the next quarter will be on A5 flow rates, understanding what lies below 4,442 meters and the spud of A6
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