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.

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?

the indicators are very encouraging...showing the sp will go up very soon...

Roxi Petroleum (LON:RXP) jumped 27% to 3.5p at the mid-price during afternoon trading after the company said that the preliminary interpretation from Well NK7 indicates that the well encountered oil bearing zones, in the lower Cretaceous at a depth of 1,288 meters and also in the upper Jurassic sands at a depth of 1,307 meters. The Well which was spudded on April 25, reached a total depth of 1,360 meters on May 15, after which wireline logging was run. Evaluation work continues and once the interpretation of the wireline logging with coring data has been completed, perforation intervals will be selected and testing will be carried out by work-over rig