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Last checked at 
3 Jun 2013 13:19
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For immediate release 3 June 2013Β
Roxi Petroleum plc
("Roxi" or "the Company")
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Operational update
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Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to provide an operational update on its flagship BNG asset.
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Well 806
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Background
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Roxi has a 58.41 per cent interest in the BNG Contract Area, which already has three wells at South Yelemes part of the Contract Area. Well 54 is a Soviet era well that was re-entered in 2010 and Wells 805 and 806 were drilled in 2010. Testing of these wells was delayed pending changing farm-in partners.
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Following the $40 million equity commitment secured in January 2013 Roxi decided to test these wells. On 18 February 2013, Well 54 produced at a daily rate of 219 bopd with a 2mm choke. On 14 February 2013, Well 805 produced at a daily rate of 120 bopd using a sucker rod pump. Both these wells are now producing from the Jurassic formation.
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Latest test results on Well 806
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As previously announced, the first level between 2,022 and 2,032 metres was tested for a period of 6 days during which the natural flow rate averaged some 90 bopd and the second interval between 1,998 and 2,015 metres has been tested for a period of 2 days during which the natural flow averaged some 130 bopd.
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Testing on the third interval between 1,985 and 1,994 metres commenced on 25 May 2013 and to date the highest recorded flows have been 47 bopd.
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All the above three intervals were tested from Cretaceous formation.
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Roxi will therefore apply to the authorities for 90Β days testing on the Cretaceous formation.
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Comments
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Clive Carver, Chairman commented:
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"We are extremely excited to have successfully tested three Cretaceous intervals at Well 806 in addition to the two wells in the Jurassic formation which is now producing from Well 54 & 805.
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We will now proceed with 90 day testing in the Cretaceous formation and use the information gathered to determine the location of future wells in this structure.
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Enquiries
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Roxi Petroleum PLC c/o Buchanan
Clive Carver, Chairman +44 (0) 20 7466 5000
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WH Ireland plc
James Joyce / James Bavister +44 (0) 20 7220 1666
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Buchanan (Financial PR)
Tim Thompson / Tom Hufton +44 (0) 20 7466 5000
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Qualified Person
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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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