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.

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!!!

thanks Harry..

superb.

It will go double from here if the exploration well hits the jackpot......but even without that the company is close to good production.....

Its break-out time rf..

fill ya boots.

Is there any value left here? What happened to all the hype?

They have moved on, by the look of things! Fickle and transient. Probably punting SOLO now.

I still expect this to come back, the "stan" oilies are very volatile....MXP and such....can go ballistic or slump....have not been following this, but will have a look when I get a free whole hour (here's hoping)....

Thanks I'll like to get our money back!

Glad I was sceptical when I bought!