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.

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!

lol

"The Company notes the significant rise in its share price over the past two days and media speculation over discoveries, and can confirm that it is not aware of any operational reason for the movement.

The Company intends to release its Interim Financial Statements for the six months ended 30th June 2011 on 26th September 2011."

Ouch!!!! Bet a few mug punters got caught here today. whoops

Not one I have been following much, but rumour was that they had located 900m barrel reservoir. Trouble is that they are not curently drilling, which seemed to lay that particular rumour to rest!

http://www.investegate.co.uk/Article.aspx?id=201201030700208370U

One of my tips for 2012,not the mark up i'd expected.10% up but a spread of upto 20%
so a little patience,waiting for 1st production,but the real upside here is the well being drilled at this moment and results should be later in the month?