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.

Creeping slowly back towards where I plunged in some 18 mnths ago.

To think it was meant to be a day trade and I was up at one point!!

Good volume and a nice rise,ccould it be that news is about to be released?
cyril

Having sold out in 2008 at @30p I have just bght in again at 11p--today--very good news i hear is on the way --the shares should be re-rated soon and will continue in their upward trend guys-LOL--BUY!!

Going well this am,trying for 12p with all buys so far.
cyril

Todays RNS seriously de-riske this stock and is now cheap imho?

Roxi Petroleum plc
Operational Update

Roxi Petroleum plc ("Roxi" or "the Company"), the Central Asian oil and gas
company with a focus on Kazakhstan, is pleased to announce the following
operational update:

BNG South Yelemes Well 54 tests 200 barrels of oil per day and a rig is on
location to spud Well 805
BNG seismic acquisition starts on 895 square kilometre programme
Ravninnoe well 20 tests 240 barrels of oil per day, with acid stimulation
planned
Galaz pilot production approval now expected in May 2010 and well NK22
test results imminent
Munaily moving to commercial production

BNG (Roxi Interest 23.41%)
South Yelemes Field
The Company is pleased to announce the successful re-entry and testing of well
54, on the South Yelemes field, which was drilled to a total depth of 3250
metres. Upon testing the lower interval (starting from 2223 metres) the well
flowed oil and formation water at rates up to 90 barrels per day due to water
influx behind the casing, from a deeper water leg. After isolating the lower
interval with a cement plug, the upper interval, across Upper Jurassic sands at
a depth of 2212 metres, tested at an initial rate of 200 barrels of oil per day
on a 5mm choke. The well will be put onto a 90 day production test prior to
pilot production.
Well 54 was originally drilled in 1988 and the reservoir was severely damaged
during abandonment. Roxi is very pleased to have re-entered this well and
achieved the production of dry oil. Furthermore, Roxi believes new wells should
produce at significantly better rates.
BNG is also preparing to spud the first of two appraisal wells (805 and 806) on
the South Yelemes field in mid-April. The drilling contractor, SNGS LLP, is
completing safety inspections before hand-over of the rig to BNG. Well 805 will
be drilled to 2500 metres to test two oil bearing Callovian sand intervals, one
of which is producing in well 54. Following the cementing of production casing,
the rig will move directly to the well 806 location which is being prepared for
its arrival. Both wells have secondary targets in the upper part of Middle
Jurassic formations. The wells are expected to take 30 days each to drill and
following approvals for pilot production from the Kazakh authorities (currently
applied for), they will be put onto production. After drilling wells 805 and
806, BNG is scheduled to drill between 3 and 6 further wells in 2010 to test
other post-salt targets identified from 2009 seismic interpretation at between
1700m and 3000m depth. Drilling new exploration targets is expected to provide
rapid organic growth to BNG's reserves base and production.
The Company currently estimates South Yelemes recoverable reserves to be: P90
6.7 million barrels, P50 12.5 million barrels, P10 20.1 million barrels.
Following the appraisal drilling SPE reserves will be estimated later in the
year.
3D Seismic Programme
BNG has mobilised the seismic contractor, Dank SIF LLP, to the contract area and
commenced parameter tests prior to acquiring a total of 895 square kilometres of
3D data over the summer months. This represents some 46% of the contract area
in coverage, which together with the 2009 3D seismic acquisition means that BNG
will have 3D seismic data over 80% of the block. The remaining 20% of the block
is scheduled for 3D seismic acquisition during 2011.
Ravninnoe (Roxi Interest 30%)
Well 20 drilled in November and December 2009, was perforated over a cumulative
18 metre interval of Middle Carboniferous dolomites and limestones on 26 March
2010. The well flowed at initial rates of 240 barrels of oil per day on a 4mm
choke and has confirmed a 30 metre dry oil column. Ravninnoe plans to put the
well on long term production test while preparing acid stimulation of the well
to enhance productivity.
These results support the Company's initial estimates of up to 60mmbbls of oil
in place (gross) in Upper and Middle Carboniferous reservoirs over the Ravninnoe
structure. Following the successful confirmation of dry oil in the upper
intervals and after long term production testing, the Company will also evaluate
lower intervals for perforation.
Roxi has, together with Canamens Energy BV (32.5% interest) ("Canamens"), signed
an agreement with the Kazakh partners (none of whom are related parties) who
together hold a 37.5% interest in Ravninnoe Oil LLP, to facilitate the continued
testing of well 20, and future operations. The deal, in the form of a Sale and
Purchase Agreement, sets out the terms of assignment of interest (subject to
State approval) should the Kazakh partners not be in a position to fund their
share of the work programme in the future.

Galaz (Roxi Interest 50.14%)
NW Konys Field Pilot Production
The pilot production project submitted for approval in December 2009, still
awaits final approval from the authorities. It is anticipated that approval
will be granted in May 2010, allowing pilot production to commence immediately
thereafter. Galaz currently has five production wells, which have a combined
production rate of 1,200 barrels of oil per day based on the tests carried out
during 2009. The pilot production will include a further four wells to be
drilled later this year. In the meantime Galaz is installing a beam pump on
well NK4, which will produce test oil until pilot production begins. McDaniel &
Associates have been engaged to audit the reserves upgrade on the NW Konys
contract area.
Well NK22
Galaz and Company LLP have mobilised the work-over rig and test facilities on
well NK22 and are currently finishing preparation of the borehole for
perforation of a 14m interval of the lowest Cretaceous Arskum sandstone
reservoir and test results will be announced in due course.

Munaily (Roxi Interest 58.41%)
The Ministry of Oil and Gas for Kazakhstan has granted Munaily permission to
proceed to a 19 year production phase of the Sub-Soil User Contract. Munaily is
currently undertaking field development planning, and production facility
designs with local institutes in order to comply with the required procedures to
gain the necessary approvals for production later this year. Roxi anticipates
that Munaily Field will be capable of producing between 300 and 400 barrels of
oil per day, however, initial production will start at 80 barrels of oil per day
from well H1.

David Wilkes, CEO said
"The first quarter has shown progress across all four assets. I am particularly
pleased that we are selling our first oil from BNG, with the likelihood of sales
from four assets by July. This test and pilot production will mean that we can
expect to achieve further reserves in the near future "

Qualified Person
Duncan McDougall, Technical Director of Roxi Petroleum and a Fellow in the
Geological Society, London, has reviewed and approved the technical disclosure
in this announcement. He holds a BSc in Geology and has 25 years international
experience of exploration, appraisal, and development of oilfields in a variety
of environments
cyril

Promising, very...promising....sp might creep up to 15p or so....

Not now,


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

Operational Update

Roxi Petroleum ("Roxi" or "the Company"), the Central Asian oil and gas company with a focus on Kazakhstan, announces the following operational update:


BNG - First tranche of 3D acquisition completed over North Yelemes
Ravninnoe - Well 20 ready for 90 day production test and acidisation
Galaz NK22 testing delayed and remedial action required


BNG (Roxi Interest 23.41%)

South Yelemes Field

Well 805 has set the 9 5/8 inch casing (at a depth of 803 metres) and is drilling ahead towards the target Jurassic section and planned total depth of 2500m.

3D Seismic Programme

Seismic contractor, Dank SIF LLP, has completed the northern section of the 3D seismic programme on the contract area. BNG is currently evaluating bids for seismic processing and will be awarding the seismic processing contract shortly. Priority will be given to processing and interpretation of this first tranche of data to delineate exploration potential on the North Yelemes area.

Seismic acquisition has now started on the southern area and is scheduled to be completed in August 2010.

Ravninnoe (Roxi Interest 30%)

The work-over rig has been released and demobilised from Well 20, and the well prepared and connected up to production facilities for 90 day production testing and acid stimulation, scheduled to begin during May 2010.

Well 20 was drilled during November and December 2009 and perforated over a cumulative 18 metre interval of Middle Carboniferous dolomitic carbonates on 26 March 2010. The well flowed at initial rates of 240 barrels of dry oil per day.

Galaz (Roxi Interest 34.2%)

Well NK22

Initial attempts to perforate and test the Arskum sandstone have proved to be unsuccessful due to a poor cement bond and subsequent water influx from behind casing. Galaz is currently preparing plans for remedial action, most likely to be cement squeeze and reperforation. Under the terms of the recently announced Sale and Purchase Agreement ("SPA"), further operations will wait until the Company's new partner, LG International, have reviewed and approved the programme. Before closing of the SPA which will be subject to various State approvals, the parties have agreed to revise the operating company (Galaz and Company LLP) constituent documents such that LG International will have operational control of the sub-soil user contract.
cyril

Diappointing,but more of a delay,so just more patience required.Taken from another board,explains nicely why no worries.



Press release from last week by LGI. Don't panic!!!!!!!!!! one delayed well is one delayed well only.



http://www.lgicorp.com/eng/about/news/news_view.jsp?txtGubun=D&txtSeqNum=93

LGI International acquired a 40% interest in for the North West Konys Field in Kazakhstan

-Acquired a 40% interest in the NW Konys in Kazakhstan as well as all rights of operation

-Will begin pilot production in H2 this year, with an estimated daily production of 1,600~3,800 barrels
-Will strengthen its block operation capabilities through its own operation from exploration to production



LGI acquired a 40% interest in the NW Konys in Kazakhstan as well as all rights of operation.



LGI announced on April 29 that the company signed Sale and Purchase Agreement (SPA) with Galaz Energy B.V. (GEBV) to acquire a 40% interest in operating company for the NW Konys, Galaz and Company LLP (Galaz), as well as all rights of operation.



Under the SPA, LGI will acquire a 40% interest and all rights of operation in the NW Konys owned by Galaz for USD 24 million. The NW Konys, which is located in Kyzylorada oblast, central Kazakhstan, will begin pilot production in H2 this year.



The production volume will start at 1,600 barrels of oil per day and will gradually

increase to 3,800 barrels of oil per day.



The acquisition of the NW Konys will bring LGIs total Exploration and Production asset in Kazakhstan to five (LGIs existing blocks are ADA, Block8, Egizkara, and Zhambyl). Notably, ADA is the first oil discovery field where a South Korean company venturing into the region successfully discovered crude oil. Of the blocks being developed by South Korean companies, ADA is progressing the fastest, having begun pilot production in H2 last year.



According to an LGI official, Based on the expertise we have acquired from the ADA and our other businesses and possessed by our professionals, we will operate the NW Konys by ourselves and will thus strengthen our overall operating capabilities, from exploration to production. In so doing, we will further consolidate our position in Kazakhstan, called the second Middle East, where we have an optimal portfolio in the Exploration and Production business.

cyril



LGI continues stable commercial production in West Bukha, Oman, and is poised to expand its Exploration and Production business not only in Central Asia, the Middle East, and Southeastern Asia, which the company has already ventured into, but also in other promising regions, including South

One of my sleepers seems to be stirring? A very encouraging RNS this am.
cyril

Reserve update this am,prior to the AGM.
cyril

Lets consider the share for the day

A surge on volume and share price today

Bouncing from the lows

There was a clear out last week ...........

12 October 2010
Further to the Company's plans as outlined in the interim statement in September
concerning Roxi's interest in the Ravninnoe Contract area Roxi announces that
it has sold its entire 30% interest in Ravninnoe Oil LLP to
Hamilton Services Limited (a private company) for US$ 2.6 million. The sales
and purchase agreement is subject to the receipt of certain waivers from
regulatory authorities. However, if the agreement is completed as expected by
the Roxi board, the Company will transfer its title to the Ravninnoe interest
before the end of the year.

Following the completion of the sale Roxi will have no further interest or
obligations in respect of the Ravninnoe Contract Area.

Large volume showing and moving higher now 5.875p +1.25p
With one buyer paying the first 6p
Certainly all the Indicators were ready for a move UP and take the share price with it

Some large trades after hours on the ticker now

250K at 5.50p and 150K at 5.95p and a couple smaller at 5.50p

Opening higher tomorrow morning finished spread 5.25 / 5.50p

Now at 7p and rising on 2 wells started - time to get on board I suggest.

SP rising on expected news from NK20 well spudded 9/12/10 30 day drilling program.

One that got away,held for quite a time before dumping for pastures new. Meant to
to re-join beginning of last week sub 6p,DOH.
Well her's the news ,

Roxi Petroleum plc

Operational and Business Update



Roxi Petroleum ("Roxi" or "the Company"), the Central Asian oil and gas company with a focus on Kazakhstan, announces the following update:



Final Consideration for Galaz sale received from LGI.

Grant of Galaz Contract Area extension update.



Galaz Sale

Roxi is pleased to announce that, following recent approval from the Anti-Monopoly Agency of Kazakhstan, it has now received the full consideration of US$15.6 million for the sale of 40% interest in Galaz and Company LLP, through its subsidiary Galaz Energy BV (GEBV), to LG International Corp. (LGI). Furthermore, under the terms of the transaction, Roxi will now receive access to further funding of US$ 17.5 million loan financing from LGI for the further development of the NW Konys field.

GEBV now holds a 58 per cent. direct interest in Galaz, LGI holds a 40 per cent. interest and local partners hold a 2 per cent. interest. Roxi holds an indirect 34.22 per cent. participating interest in Galaz through its holding in GEBV.

The preparations for the 2011 Pilot Production drilling Programme is now under way, under the operational control of LGI, based from Almaty. There are already five wells drilled and completed on the field with standalone facilities ready to start pilot production. Initially two wells will be put into production with the remaining three wells to be brought on as the pilot development progresses.

Galaz Contract Area extension

During 2010, Galaz and Company LLP applied for an extension of the Contract Area to the South and East of the block to explore the eastern side of the Karatau fault. The company has received preliminary confirmation of the extension and amendment of the Sub-Soil User Contract, increasing the total Contract Area six fold to approximately 180 square kilometres.

David Wilkes CEO commented:

" The conclusion of this deal represents the beginning of our new partnership with LGI and we look forward to working alongside them on developing this exciting asset.

The deal also provides Roxi with sufficient funds to focus on its two principal assets, being Galaz and BNG, and will enable us to better develop these core assets into production going forward.

The application for the extension area gives significant exploration upside to the Galaz Contract."

Finally its happening for me..

Lucky girl! Enjoy!!!