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Last checked at 
18 Feb 2010 07:00
Roxi Petroleum plc
Galaz Discovery
Roxi Petroleum plc ("Roxi" or the "Company")(ticker: RXP) is an AIM listed exploration and production company operating in Kazakhstan.
Highlights:
·; Second discovery on Galaz Contract Area.
·; NK22 encounters 12.8 metres of net pay
·; Good quality Lower Cretaceous and Jurassic reservoir
Roxi is pleased to announce that exploration well NK22, drilled by its subsidiary "Galaz and Company" LLP, has encountered 12.8 metres of net pay, determined from wireline logs, in good quality lower Cretaceous, and Upper Jurassic aged reservoir formations (the primary objective). The well was drilled to a total depth of 2840 metres to evaluate Middle Jurassic potential on the block. Casing will be run, prior to testing the well.
Comments
David Wilkes, CEO said
"This represents the sixth consecutive oil well drilled by Roxi in the past 14 months. It is an exciting discovery of a satellite accumulation to NW Konys field in the Galaz Contract Area which will allow Roxi to add to pilot production expected to start in Q2."
18 February 2010
Enquiries:
Roxi Petroleum plc
Clive Carver, non-executive chairman +44 207 600 1658
David Wilkes, CEO +7 727 244 0920
College Hill (Financial PR)
Nick Elwes / Simon Whitehead +44 (0) 20 7457 2020
Matrix Corporate Capital LLP (NOMAD and broker)
Alastair Stratton / Anu Tayal +44 203 206 7000
Qualified Person
Duncan McDougall, Technical Director of Roxi Petroleum and a Fellow in the Geological Society, London, has reviewed and approved the technical disclosure in this announcement. He holds a BSc in Geology and has 25 years international experience of exploration, appraisal, and development of oilfields in a variety of environments
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