Introduction to AIM in May 2007. Market Cap 64million at placing price of 38p per share.
Raised 39million from Institutions for building a portfolio of oil and gas assets in Central Asia.
Completed purchases of Ravninnoe and Beitars oilfields.
Strengthened company infrastructure.
Further aquisitions for 95million on 3 oilfields at North Karamandybas in Western Kazakstan. Value greater than current M Cap so treated as a reverse takeover, hence companies suspension from trading.
Option to aquire 50% intrest of two assets in Aktobe Oblast for 213million to be paid by cash or further flotation or a mixture of the two. Ownership of this asset is being contested in the courts and a decision is being currently awaited.

While i scribbled this was released.

30 October 2009


Roxi Petroleum plc
("Roxi" or the "Company")


Operations update, Ravninnoe Oil Spuds Well 20


Roxi announces the spudding of well number 20 on the Ravninnoe Contract Area in
Western Kazakhstan, on 30 October 2009. The well is being drilled by Ravninnoe
Oil LLP ("Ravninnoe") (in which Roxi has a 30% interest), and is the first well
drilled following Canamens farm-in announced in November 2008.


The access road from the nearby town of Opornya and the well site were completed
by the end of August, and Parker Drilling Rig 247 was mobilised on 1 September
2009. The rig up and completion of the camp was accepted by Ravninnoe on the
29th October 2009.


The Ravninnoe field was discovered in the 1980's and has up to 57 mmbbls of oil
in place, but reported reserves of only 3.7 mmbbls proven + probable + possible.
This is an important well, the first to be drilled on the Ravninnoe field since
the 1980's, and is designed to acquire sufficient information about the
reservoir architecture, quality and productivity to enable the development of
the Field to proceed. The well will be drilled near the centre of the Ravninnoe
structure, offset from well number 8, which encountered hydrocarbons in the high
pressure Permo-Carboniferous section between 3200m and 3300m.

Seems now they can (and are) get on with it.
cyril

New Blog Entries:

BNG Deal: http://roxi-petroleum.blogspot.com/2009/10/roxi-finally-seals-bng-farm-out-deal.html

1st Rav well spuds (including research links and volumetrics): http://roxi-petroleum.blogspot.com/2009/10/roxi-spuds-first-well-on-ravninnoe.html

Unless the Galsz deal with LG (MOU now over)is positive then short term i can see the possibility of sub 10p.Not to worriied myself as we will retain production and with the latest news,funding is no longer an issue.So we could be looking at a buying opportunity.
This stock has certainly tested ones patience but imo, will come good in the not too distent future?
cyril

GM results and post meeting chat:

http://roxi-petroleum.blogspot.com/2009/11/results-of-general-meeting.html

7kiwi, thank you for your report,most informative. Whether to top up at the
present SP,which looks cheap and with some positive news close,would love too,but already heavily invested so i'll resist the temptation for now.
cyril

Something brewing(i think?) SP suddenly shooting up,no idea why.Could it be the Galaz deal finalised??
Absolutly no
idea,but we should find out
soon?
cyril

Would they have a 43% interest in the NK22 field thats was spudded on the 24th Nov. If so a month on they could have reached drilling depth and news imminent.

Balerboy goto post K7's blog is where you'll find all relivent info.
cyri;

Wednesday, 9 December 2009
Roxi Names New CEO as David Wilkes

Roxi Petroleum (AIM:RXP) today announced the appointment of David Wilkes as CEO.

Of course David Wilkes joined the board on 1 October as Finance Director, so this move looks like a planned succession as the existing CEO, Rob Schoonbrood, retires at the age of 65.

Rob has worked extremely hard through the credit crunch to lay the financial foundations that will enable Roxi to drill the BNG and Ravninnoe contracts areas using finance raised from Canamens and to drill the Galaz block with the deal struck with KazRosMunai LLP.

Let's hope that David can build on these foundations and take the company to the next level. Results from the Ravninnoe Well #20 and Galaz Well NK22 cannot be too far away.
Posted by 7Kiwi at 13:23

Seems the broker's note (Matrix) has released to the few and could be the reason for todays hike? If so they must have struck a cord with their clients
looking at the SP,so tomorrow expect it on their web site.
cyril

Lots of news expected here soon, so I am not surprised that things are turning around with the share price. Even so, the very excitable crowd over the road at advfn seem to have gone into overdrive about a 0.75p rise!

Broker Note:

http://roxi-petroleum.blogspot.com/2009/12/roxi-broker-note-released.html

Another ome of my holdings (larger in this case)making good headway,it's been a long slog lately but [atience seems to be paying off?
2 wells iminemt RAV and GAlaz,i'm hopeing the rise is for leaked news(naughty)
and not traders speculating?
cyril

News (via e0mail) of Rav is out next week,with Galaz to follow? No guarantees but
drilling into a oil discovery from the 80's.
cyril

Successful drilling of Rav,testing to follow.Ravninnoe Update


Highlights:


* Ravninnoe Well 20 drilled to 3455m, encountering hydrocarbons
* Wireline logs confirmed a gross 30m hydrocarbon column
* Testing planned in February

Roxi Petroleum plc ("Roxi" or the "Company") announces that Ravninnoe Well 20
(Roxi interest 30%) reached a total depth of 3455m, after encountering
hydrocarbon shows while drilling and coring the pre-salt Carboniferous section.
Wireline logs confirm the presence of a gross hydrocarbon column of
approximately 30m, with higher than expected pressure. Ravninnoe Oil LLP
("Ravninnoe") has released Parker Rig 247 and plans to mobilise a work-over rig
immediately to test multiple reservoir intervals.
The Ravninnoe Field was discovered in the 1980's when 12 wells were drilled on
and around the structure, but failed to establish commercial reserves.
Subsequently, Ravninnoe has acquired 3D seismic and re-entered the old wells,
which were found to be too severely damaged to test. Roxi announced the farm-out
and sale to Canamens (32.5%) in August 2008. The deal was eventually closed in
June 2009, following which Ravninnoe started the drilling programme and the
acquisition of high quality core, log and test data.
David Wilkes, CEO commented:
"I am delighted that we, with our partners, have completed the successful
drilling of well 20. The information which we have acquired will allow us to
reveal the potential of the Ravninnoe accumulation and if determined to be
commercial, bring the field into production."

cyril

Chance to acquire some cheap stock as the market is slow on the uptake with this one?
http://www.investegate.co.uk/Article.aspx?id=201002031038516031G
cyril

New blog post with my commentary on today's RNS:

http://roxi-petroleum.blogspot.com/2010/02/roxi-releases-operational-update.html

http://www.stockopedia.co.uk/forum/view/37233-roxi-petroleum-rxp-operational-update

Not accepting this now?

Seems below radar but come the 28thFeb Oilvarrel coverage will help.

Some excellent news,

11 February 2010

Roxi Petroleum plc

Sale of Galaz Interest

Roxi Petroleum plc ("Roxi" or the "Company")(ticker: RXP) is an AIM listed exploration and production company operating in Kazakhstan.

Highlights:

Back to back agreements signed on Galaz:
- LGI to purchase a 40 per cent. interest in Galaz
- LGI financing $26 million for appraisal & development of NW Konys field
- GEBV to sell 40 per cent. interest in Galaz and will receive $24 million from LGI

Galaz

Roxi is pleased to announce that, together with its partners Roxi's indirect 59 per cent. owned subsidiary Galaz Energy BV ("GEBV"), it has agreed through back to back agreements to sell a 40 per cent interest in the operating company for the NW Konys Field, Galaz and Company LLP ("Galaz") to the Korean multinational trading company LG International Corp. ("LGI") for US$15.6 million. In addition, LGI will pay US$8.4 million for a 40 per cent. interest in existing debt of an equivalent value, which will be repayable through future production. LGI will also provide financing to Galaz of up to $26 million for appraisal and development of the NW Konys field. Management considers these funds will be sufficient to finance this project through to commercial production. GEBV currently has a 73.4 per cent. interest in Galaz, but as part of the back to back agreements GEBV will acquire a 24.6 per cent of Galaz from its other local partners. Following the sale of 40 per cent. of its interests to LGI, GEBV will retain a 58 per cent. interest in Galaz.

As part of the above arrangements, Roxi has varied the terms of the previous agreement with KazRozMunai LLP, announced on the 19 November 2008, such that GEBV will now pay for services provided towards the work programme, rather than transferring any equity participation in Galaz to KazRozMunia LLP. Together the above are referred to as the "Galaz Agreements."

The Galaz Agreements are subject to due diligence by LGI and the receipt of certain waivers from the regulatory authorities. However, if the Galaz Agreements are completed as expected by Roxi management, the company will retain an indirect 34.2 per cent. participating interest in Galaz, and be provided with approximately US$10 million funding available for other assets.

David Wilkes, CEO of Roxi Petroleum said

"Completion of the Galaz agreement with LGI will mark a turning point for Roxi. Not only would we retain a meaningful interest in this producing asset, but we would secure substantial funding of its work programme commitments. This together with our recent completion of our farm out deals with Canamens puts Roxi in a strong position to develop its existing assets and achieve production by the end of the year."

cyril

Todays news seriously de-risks RXP and yet little SP movement making an
ideal chance to buy in/top up.The only reason imv market is waiting on the Greek salvage plan,perhaps prudent to hold back until the result is known,but as i said a great buying opportunity?
aimho
cyril