23 Jul 2014 07:00
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Roxi Petroleum plc
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("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, provides an update following the announcement on 9 July of oil and gas shows having been encountered at the deep well A5 at the BNG contract area.
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The Company is currently awaiting additional heavy drilling fluids to reach the drill site which are required to take core samples.
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As previously stated, a further announcement will be made once core samples have been analysed to determine the oil bearing horizon and quantify the discovery.
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Clive Carver, Chairman commented:
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"The board of Roxi remains excited about the discovery and looks forward to updating the market further in due course."
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Enquiries
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RoxiPetroleum PLC
Clive Carver +7 727 375 0202
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WH Ireland plc
James Joyce / James Bavister +44 (0) 20 7220 1666
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Qualified Person
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Mr. Nurlybek Ospanov, Roxi's senior geologist who is a member of the Society of Petroleum Engineers ("SPE"), has reviewed and approved the technical disclosures in this announcement.
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