LONDON (Alliance News) - Kazakhstan-focused oil and gas company Roxi Petroleum PLC on Monday said the Deep Well A6 has been spudded at the BNG contract area.
The well is expected to reach its planned total depth by the end of February 2016. It will be drilled at a fixed cost of USD8.5 million and will use the same rig and contractor as the Deep Well A5 at the project.
"Deep Well A6 is the third of our deep wells at BNG, and we look forward to updating the market with its progress in due course," said Roxi Chairman Clive Carver.
Roxi shares were down 0.6% to 7.8261 pence on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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