RXP.L Share News (RXP)

LONDON (Dow Jones)--Roxi Petroleum PLC (RXP.LN), a Central Asian oil and gas company with a focus on Kazakhstan, said Friday it had estimates for total gross proved or 1P recoverable oil reserves on the NW Konys field of 2.4 million barrels. MAIN FACTS: -The estimates for total proved plus probable recoverable oil reserves on the NW Konys field is 7.5 million barrels. -The estimates for total proved plus probable plus possible recoverable oil reserves on the NW Konys field is 10.9 million barrels. -Subject to receiving state authority approval for the sale of 40% interest to LGI, and after royalties, the Company's net recoverable reserves estimated are; -0.8 million barrels proven reserves -2.4 million barrels proven plus probable -3.5 million barrels proven plus probable plus possible -The Company announces that well 805 has been drilled to a total depth of 2505 million, on the South Yelemes structure. -The company is currently evaluating logs and cores and preparing to test two hydrocarbon zones with a work-over rig in August. -The drilling rig will move directly to the next well on South Yelemes, well 806, to appraise potential reservoirs in the Cretaceous and Jurassic succession. Shares closed Thursday at 7.25 pence. -By Razak Musah Baba, Dow Jones Newswires; +44-20-7842-9275; razak.baba@dowjones.com (END) Dow Jones Newswires June 18, 2010 02:16 ET (06:16 GMT)