Roxi Petroleum plc ("Roxi") is a Kazakhstan based oil and gas exploration and production company established in October 2006. Roxi's main commercial rationale is to acquire controlling interests in and develop oil and gas assets in Central Asia with a focus on Kazakhstan.

Roxi's senior management team has extensive exploration, operational, production and trading experience across a diversified array of countries, climates and major international oil companies.

As a result of numerous niche on shore opportunities available and the extensive operational experience of the management in Kazakhstan, Roxi has acquired discoveries made in the Soviet period which to date have remained undeveloped. Management now believes that these assets have sufficient exploration upside to provide significant exploration rewards.

Roxi currently has interests in four exploration and production contract areas spread over three petroleum basins:

Recent developments now mean that roxi are receiving net production per day of 340 bopd and also spudded another Galaz well on 23rd november (30 day drill ).Production must now be covering or very near their current market cap.



4 December 2012 - Roxi Petroleum plc

Galaz Spudding NK-12



Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the NK-12 well at the NW Konys asset (Galaz) was spudded on 23 November 2012.

This appraisal well is planned to drill to a total depth of 1500 meters and is targeted to encounter Cretaceous sand of NW Konys.

Drilling operations are being coordinated by our operating partners LGI and are expected to take approximately 30 days, after which a further announcement will be made.

There are already three producing wells at Galaz; NK 6, NK 7 and NK 8 (formerly NK 14), which in aggregate are producing more than 700 bopd. Roxi's interest in the field is 34.22 per cent.

Clive Carver, Chairman, commented:

"We are pleased that the development work continues at Galaz, which has already proved itself a success."

.................

5 December 2012 - Roxi Petroleum plc


First Production From Munaily



Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that production at the Munaily field from Well H1 has commenced at a rate of 125 bopd as of 2 December2012.

The Munaily field is located in the Atyrau Oblast approximately 70 kilometres southeast of the town of Kulsary. The field was discovered in the 1940s and produced from 12 reservoirs in the Cretaceous through to the Triassic; Roxi acquired a 58.41 per cent interest of the 0.67 square kilometre rehabilitation block in 2008.

Munaily has a 15 year full production license, which allows production to be sold at international prices. There are estimated to be 1.2 million barrels of bypassed reserves at Munaily.

An agreement has been signed to sell production from Well H1 at domestic prices with the proceeds being used to fund the development of an additional two wells. Once these wells are in production the Company will look to enter into a off-take agreement at international prices.

Clive Carver, Chairman, commented:

"We are delighted to have brought a second field into production. Taken together with the production at Galaz, Roxi's gross production now exceeds 900 bopd with 340 bopd net to Roxi."

jazz thanks for reminding me about this one as i was watching this a while ago,yes they have quietly been building their net production levels and the current well they drilling is an appraisal well from what i see so not in doubt oil is there just a question of how much and what bopd they can get.

Just had a thumb through the other wells they got producing closeby and see they have some half decent bopd,s on them.

alex if the trend follows after this drill they could be up to 400 - 440 bopd fairly soon and more wells coming shortly after.

Good chance IMO

They have had a number of very successful appraisal wells in that field to date so another looks very likely.

Bit of a darkhorse gainer this one in my opinion,they had a fair bit of time of very slow
progress but now seem to be delivering,and more important have a good understanding
of the geology they working with now.

jazz what i like about roxi is they have been sticking to their guns over the last year or so and been doing lots of the right things in getting the company in a solid position.

For example they have been steadily raising production whilst at same time paying down debt and now to the point of balancing the books with a modest profit. I saw some figures on current production posted on another forum earlier which are worth a glance over.


Production Currently a net 340 bopd to roxi which equates to :

2,380 barrels per week

9,520 barrels per month

114,240 barrels per year

alex they have actually more than trebled their production level so far this year,and that could soon double again after these next series of wells complete.

jazz they have a number of wells planned for early next year onwards too,could see a marked increase in production over a short time frame here.

Is that right Roxi have a drill result due next week ?

Is that right Roxi have a drill result due next week ?

I do not know about drill result -
but share price looks cheap in relation to profits.

Spread is too high and market volume very low

Can one buy at 2.17 and sell at 2.11 ( between the spreads ) ??

Seams a nice rise over the past days. Anyone know why?

Nobody seems interested in this rise.

StockMarketWire.com

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, provides an update following the announcement on 9 July of oil and gas shows having been encountered at the deep well A5 at the BNG contract area.

The Company is currently awaiting additional heavy drilling fluids to reach the drill site which are required to take core samples.

As previously stated, a further announcement will be made once core samples have been analysed to determine the oil bearing horizon and quantify the discovery.

Have held these since 2011...... glad to dump them for a small profit and move on.,.

Flying now on the RNS just released.

unexpected buying opp
strong news imminent as the CEO states:
'More than ever we look forward to the results of the flow test.'

blue tomorrow imo ;

aye more tomorrow peeps taking positions for the news
5000 to 10000 bopd would be nice!!

available @ black friday discount today :-)