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Last checked at 
30 Jun 2014 07:00
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30 June 2014
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Roxi Petroleum plc
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("Roxi" or "the Company")
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AGM Statement
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The following statement will be made at the Company's Annual General Meeting to be held today at 11.00 am.
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BNG
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Roxi has a 58.41% interest in the BNG Contract Area
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Deep well - Airshagyl 5
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Drilling has resumed and by Friday, 27 June 2014 reached a depth of 4,236 meters.
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The well's principal target is the Carboniferous formation at 4,390 meters with a subsidiary target in the Permian formation at 4,120 meters. To date we have yet to find indications of oil from the subsidiary target horizon.
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Given the pressures and temperatures involved drilling will continue at a slow pace and further announcements will be made as the work progresses towards the principal target.
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The well's planned Total Depth is 4,700 meters.
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Shallow wells
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At Well 143 the interval between 1,961-1,974 meters has been perforated prior to further testing.
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Galaz
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Roxi has a 34.4 per cent interest in the Galaz Contract Area.
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Deep Well - NK-31
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Well NK-31 was spudded in June 2014 and is to be drilled to a Total Depth of 2,500 meters targeting Middle Jurassic. As at 27 June 2014 the well had reached 1,904 meters without incident.
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Enquiries
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Roxi Petroleum PLC
Clive Carver, Chairman +44 (0) 20 7220 1666
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WH Ireland plc
James Joyce / James Bavister +44 (0) 20 7220 1666
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Qualified Person
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Mr. Nurlybek Ospanov, Roxi's senior geologist who is a member of the Society of Petroleum Engineers ("SPE"), has reviewed and approved the technical disclosures in this announcement.
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