19th Dec 2011 07:00
For Immediate Release 19 December 2011
Roxi Petroleum plc
("Roxi" or the "Company")
Spudding of BNG Well 136
Roxi, the Central Asian oil and gascompany with a focus on Kazakhstan, is pleased to announce that the BNG well 136 on the North Yelemes structurewas spudded on 16December 2011.
Drilling is expected to take approximately 40 days and the well is planned to drill to a total depth of 2950 metres. This exploration well is targeted to encounter Jurassic Bajocian sands at a depth of 2550 metres and a secondary objective in the Triassic sands at a depth of 2840 metres.
David Wilkes, CEO commented,
"We look forward to the results from well 136 and the additional information that we will obtain on the North Yelemes structure as we prepare for the commencement of pilot production from South Yelemes."
Enquiries
Roxi Petroleum plc David Wilkes CEO | +7 727 244 0920 |
Strand Hanson Limited Andrew Emmott / Cordelia Orr-Ewing | +44 (0) 20 7409 3494 |
Renaissance Capital Limited John Porter / James Etherington | +44 (0) 20 7367 8242 |
Buchanan (Financial PR) Tim Thompson / Ben Romney / Helen Chan | +44 (0) 20 7466 5000 |
Qualified Person
Mr.Hyunsik Jang, Chief OperatingOfficer ofthe 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.
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