Operational Update

RNS Number : 2510E

Roxi Petroleum Plc

29 May 2012

 



For immediate release                                                                                               29 May 2012

Roxi Petroleum plc

("Roxi" or the "Company")

Operational Update

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with operational progress at its Galaz Contract Area.

NK-13 well was spudded on 28 May 2012.

The well is planned to drill to a total depth of 1400 metres to appraise Jurassic formation in the South East channel of the Galaz Contract Area.

Drilling operations are being coordinated by our operation partners LGI and are expected to take approximately 30 days, after which a further announcement will be made.

Enquiries

Roxi Petroleum plc

Clive Carver, Chairman                                                                                      [phone]

Strand Hanson Limited

Andrew Emmott / Cordelia Orr-Ewing                                                                 [phone]

Renaissance Capital Limited

John Porter / James Etherington                                                                       [phone]

Buchanan (Financial PR)

Tim Thompson / Ben Romney / Helen Chan                                                        [phone]

Qualified Person

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.

 

END

 

 

MSCBSGDUUUDBGDI