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Last checked at 
22 Dec 2011 13:25
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For immediate release | 22 December 2011 |
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Roxi Petroleum
("Roxi" or the "Company")
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Oil Well Spudding
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Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the NK-10 well spudded on 28 November 2011 reached a total depth of 1505 metres on 18 December 2011.
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The preliminary interpretation of wireline logging indicates that the well encountered oil bearing upper Jurassic sands at a depth of 1288 metres Measured Depth ("MD"). Upon final interpretation of wireline logging data, perforation interval will be selected and testing will be carried out.
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The rig is currently setting the casing, and will be released after cementing the casing.
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David Wilkes, CEO commented,
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"We are encouraged by the initial results of drilling wells NK 9 and NK 10. Further announcements will be made once we have completed the testing of these wells early in the New Year."
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Enquiries
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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 |
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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.
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