Last checked at 3 Jan 2012 07:00
For immediate release | 3 January 2012 |
Roxi Petroleum plc
("Roxi" or the "Company")
NW Konys Pilot Production Gas Flaring Consent Update
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that it has been advised by the Ministry of Oil & Gas of the Republic of Kazakhstan that its operating Company, Galaz and Company LLP, ("Galaz") has received approval for gas flaring for the period 2012 to 2014, which is the final regulatory consent needed before pilot production can commence on its NW Konys Field.
Roxi now expects Well NK 4 & NK 6 will be put into pilot production in the first quarter 2012.
David Wilkes, CEO commented
"We and our partner LGI are now in a position to commence pilot production from two of our wells on NW Konys and at the same time will test the outcome of wells NK 9 and NK 10 in early in 2012."
Enquiries
Roxi Petroleum plc David Wilkes CEO | +7 727 244 0920 |
Strand Hanson Limited Andrew Emmott / Cordelia Orr-Ewing | +44 (0) 20 7409 3494 |
Renaissance Capital Limited John Porter / James Etherington | +44 (0) 20 7367 8242 |
Buchanan (Financial PR) Tim Thompson / Ben Romney / Helen Chan
| +44 (0) 20 7466 5000 |
Qualified Person
Mr. Hyunsik Jang, Chief Operating Officer of the Company, has reviewed and approved the technical disclosures in this announcement. He holds a BSc in Geology and has 25 years of international experience of exploration, appraisal, and development of oilfields in a variety of environments.