Drilling Update

RNS Number : 3106K

Roxi Petroleum Plc

16 April 2010

 



For immediate release                                                                                                                16 April 2010

Roxi Petroleum plc

Drilling Update

Roxi Petroleum plc ("Roxi" or "the Company"), the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that on the 14 April 2010, BNG Ltd LLP (Roxi interest 24.41%) has commenced drilling well 805 on the South Yelemes structure, on the BNG contract Area in the Mangistau Oblast, West Kazakhstan. The well is planned to reach a total depth of 2500m after 30 days and will evaluate Jurassic sandstones, south west of well 54.

Qualified Person

Duncan McDougall, Technical Director of Roxi Petroleum and a Fellow in the Geological Society, London, has reviewed and approved the technical disclosure in this announcement. He holds a BSc in Geology and has 25 years international experience of exploration, appraisal, and development of oilfields in a variety of environments

Enquiries

Roxi Petroleum plc

David Wilkes CEO                                                                            [phone]

Matrix Corporate Capital LLP (NOMAD and broker)        

Alastair Stratton / Anu Tayal                                                       [phone]

Buchanan Communications Hill (Financial PR)

Tim Thompson / Ben Romney                                                    [phone]

 

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