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RXPTue, 08th Jan 2013 08:57
Oil and gas explorer Roxi Petroleum has received the first payment from the sale of its stake in the Galaz asset in Kazakhstan. In a statement released on Friday, the London-listed company said it had received the first $10.4m of the $23m it is owned following the sale of its 34.23% stake in the pro
Read moreRoxi Petroleum said on Friday that it had received the $6.9m repayment of a loan that was part of the process of selling its equity and debt interest in the Galaz Contract Area to Xinjiang Zhundong Petroleum Technology. A payment of $27 million to Roxi's subsidiary Galaz Energy BV remains outstandin
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Shares in Roxi Petroleum jumped 20% early on Monday, as the oil and gas explorer provided operations update at its flagship BNG asset. The Kazakhstan-focused group said that the blockage at the A5 discovery well on the project had been removed and the 30-day flow test was expected to begin in the mi
Read moreOil and gas explorer Roxi Petroleum has entered a subscription agreement with Hong Kong-based BOCO limited to raise $20m at above the current market price. The London-listed group said the proceeds would be used to speed up the development of its flagship BNG asset. Under terms of the agreement, BO
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