9 Nov 2015 08:27
Roxi Petroleum PLC
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("Roxi" or the "Company")
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Update on Operations at BNG
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Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its flagship BNG asset.
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Spudding of New Deep Well A6
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Roxi is pleased to announce that Deep Well A6 has been spudded. The new deep well is located some 1,200 meters from Deep Well A5 with a planned depth of 5,000 meters targeting deep Carbonate structures in the pre-salt intervals and is expected to reach planned total depth by the end of February 2016.
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The well is being drilled for a fixed cost of $8.5 million, using the same rig and contractor as drilled Deep Well A5.
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Comment:Â
Clive Carver, Chairman saidÂ
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"Deep Well A6 is the third of our deep wells at BNG and we look forward to updating the market with its progress in due course."
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Enquiries:Â
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Roxi Petroleum PLC
Clive Carver, Chairman +7 727 375 0202Â
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WH Ireland Ltd
James Joyce / James Bavister +44 (0) 207 220 1666Â
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Qualified PersonÂ
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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