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.

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