Operational Update

RNS Number : 4085B

Roxi Petroleum Plc

03 April 2013

 



For Immediate Release                                                                                        3 April 2013

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 announce that on 1 April 2013 BNG Well 143 was spudded on the MJ-F structure located towards the North of South Yelemes field.

The total depth of the well is planned to be 2500 metres, with drilling expected to take approximately 45 days. This exploration well is targeted to encounter Jurassic Callovian sands at a depth of 2170 metres with a secondary objective in the Cretaceous Valanginian limestone at a depth of 1935 metres.

Comments

Clive Carver, Chairman commented:

"We are pleased to have commenced the 2013 drilling campaign at BNG.  This is the first of four planned wells at BNG this year, including two deep wells."

Enquiries:

Roxi Petroleum PLC                                                           c/o Buchanan

Clive Carver, Chairman                                                      [phone]

WH Ireland plc          

James Joyce / James Bavister                                           [phone]

Buchanan (Financial PR)

Tim Thompson / Tom Hufton                                           [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

 

 

MSCDGGDSBSGBGXD