Plenty of good posters on ADVFN who know the oilers and were in MAX from the beginning are talking this one good. Apparently floated at way under value and a board full of top blokes. Roadshow due soon which usually fires up the share price. I've just bought 50000 worth, 10 bagger??????

I'm in - great prospects!

"The Ravninnoe Contract Area covers 121 km2 and is located approximately 100 km
northeast of the Tengiz field in the south Emba sub-basin of the Pre-Caspian
Basin, in the Atyrau Oblast of West Kazakhstan. Roxi is committed to drilling 5
wells in the exploration phase of the licence. In addition to the appraisal and
the potential for early production from the established pre-salt reservoirs,
there is also a significant upside in deeper fractured targets making Ravninnoe
an exciting block.

North Karamandybas Contract Area: covers approximately 7.2 km2 and is situated
in the South Mangishlak Basin, Karakigansky Rayon of the Mangistau Oblast
approximately 120 km east of Aktau. Roxi is committed to drilling 3 wells.
Situated close to existing infrastructure the field is ideally located for early
development.

Beibars Contract Area: covers approximately 167 km2 and is situated on the
coastline of the Caspian Sea approximately 40 kilometres south of Aktau in the
Mangistau Oblast. Beibars is a pure exploration play, which the Directors
believe has significant upside potential.

The acquisition of the Ravninnoe and Beibars Contract Areas will be completed
following Admission and the payment of consideration. The acquisition of the
North Karamandybas Contract Area will be completed at the discretion of the
Company pending the successful resolution of legal proceedings in connection
with title to the area."

They still have to start drilling, so surely it's likely this will fade a little once the initial hype is over? Looks to have good potential, imo, but exploration in very early stages.

This is very, very risky...sounds like Caspian Energy, Victoria Oil and Gas, and Taghmen Energy (now Petrolatina) - no production yet but extremely speculative.

Yes H98 I agree with you.

Just had a look at these so called experts on the other board.

Nearlly every one of them to a man ramp-up artists.

Beware all and Mr Leach.

Yeah, goldfinger, I had a look too at these 'so-called experts' and I'm not really impressed and I don't think at the current price of 48p, it is cheap at all.