Roxi - Operational Update
Well 143, which was the first of the shallow wells for 2013, was spudded on 1 April 2013, on the MJ-F structure located towards the North of South Yelemes field at BNG. The total depth of the well is 2,750 meters. As previously reported two intervals at 2,693 meters and 1974 meters have already been tested with good oil shows encountered. Also previously reported was the high quality of oil recovered…
Roxi Discovers Oil in BNG's Well 143, Kazakhstan
The Well 143, was spudded on 1 April 2013, and in June 2013 was drilled to a depth of 2,750 meters, 250 meters deeper than the original planned depth. The well targeted Jurassic Callovian sands at a depth of 2,170 meters with a secondary objective in the Cretaceous Valanginian limestone at a depth of 1,935 meters. Roxi now believes there are three main intervals of interest, at 2,193, 2,216 and 2,692 meters.
Roxi to Cancel Royalty Payment
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce it has entered into an agreement with Canamens Limited ("CL") and Sector Spesit IV, a sub-fund of Sector Umbrella Trust ("SS4") to cancel future royalty payments due to them from production from Roxi's BNG asset in return for the issue of 46,661,654 fully paid ordinary shares representing 5% of the enlarged issued ordinary share capital.
Update on the Sale of Galaz
Subsequent to 10 February 2015, Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, has informed that the sale of the Company's equity and debt interests in the Galaz Contract Area to a consortium led by Xinjiang Zhundong Petroleum Technology Co, a Chinese publicly traded conglomerate, (the "Galaz Disposal"), is proceeding as planned and is now expected to complete by 31 May 2015.
Roxi in $20 mi Subscription Agreement
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce it has entered into a subscription agreement to raise $20m at above the current market price. The Company has entered into a Subscription Agreement with BOCO (H.K.) Limited, ("BOCO"),whereby BOCO will subscribe for 75,585,790 new ordinary shares at a price of 18p per share. This…
Roxi Update on BNG, Galaz
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, has given an update on the progress at its flagship BNG asset and progress on the completion of the sale of Galaz. The BNG Contract Area is located in the west of Kazakhstan 40 kilometers southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,561 square kilometers of which 1,376 square kilometers has 3D seismic coverage acquired in 2009 and 2010.
Roxi's Operational Update
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, has provided an update on the progress at its flagship BNG asset. The BNG Contract Area is located in the west of Kazakhstan 40 kilometers southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,561 square kilometers of which 1,376 square kilometers has 3D seismic coverage acquired in 2009 and 2010. Roxi has a 58.41 per cent interest in the BNG Contract Area.
ROXI's Operational Update
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of the deep discovery at its flagship BNG asset plus updates for the shallow wells at BNG and the Deep Well NK-31 at Galaz. The BNG Contract Area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast…
Roxi Announces Operational Update
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of the deep discovery at its flagship BNG asset plus updates for the shallow wells at BNG and the Deep Well NK-31 at Galaz. The BNG Contract Area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast…
Update on the Deep Discovery at BNG
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, has given an update about the market with news of the deep discovery at its flagship BNG asset. The BNG Contract Area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,561 square kilometres of which 1,376 square kilometres has 3D seismic coverage acquired in 2009 and 2010.
Update on Roxi's Discovery at BNG
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of the deep discovery at its flagship BNG asset. The BNG Contract Area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,561 square kilometres of which 1,376 square kilometres has 3D seismic coverage acquired in 2009 and 2010.
Roxi Update on Discovery at BNG
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of the deep discovery at its flagship BNG asset. The BNG Contract Area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,561 square kilometres of which 1,376 square kilometres has 3D seismic coverage acquired in 2009 and 2010.
Roxi gets Licence Extension for Galaz Contract Area
Roxi has secured the extension of the licence at the Galaz Contract Area for a further two-year period to 14 May 2016. The licence has been extended on the current pilot production basis, although at the request of Galaz LLP may be converted to a full production licence. As previously announced Roxi Well NK-31 has been spudded and is to be drilled to a total depth of 2,500 meters targeting the Middle Jurassic.
