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23 Jul 2014 07:00
Roxi Petroleum plc
("Roxi" or "the Company")
Operational update
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.
The Company is currently awaiting additional heavy drilling fluids to reach the drill site which are required to take core samples.
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.
Clive Carver, Chairman commented:
"The board of Roxi remains excited about the discovery and looks forward to updating the market further in due course."
Enquiries
RoxiPetroleum PLC
Clive Carver +7 727 375 0202
WH Ireland plc
James Joyce / James Bavister +44 (0) 20 7220 1666
Qualified Person
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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