Last checked at 3 Apr 2013 07:00
For Immediate Release 3 April 2013
Roxi Petroleum plc
("Roxi" or "the Company")
Operational Update
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that on 1 April 2013 BNG Well 143 was spudded on the MJ-F structure located towards the North of South Yelemes field.
The total depth of the well is planned to be 2500 metres, with drilling expected to take approximately 45 days. This exploration well is targeted to encounter Jurassic Callovian sands at a depth of 2170 metres with a secondary objective in the Cretaceous Valanginian limestone at a depth of 1935 metres.
Comments
Clive Carver, Chairman commented:
"We are pleased to have commenced the 2013 drilling campaign at BNG. This is the first of four planned wells at BNG this year, including two deep wells."
Enquiries:
Roxi Petroleum PLC c/o Buchanan
Clive Carver, Chairman +44 (0) 20 7466 5000
WH Ireland plc
James Joyce / James Bavister +44 (0) 20 7220 1666
Buchanan (Financial PR)
Tim Thompson / Tom Hufton +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.