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Roxi acquires first core samples from recent Kazakhstan discovery

05th August 2014

Roxi collected its first core samples from a recent discovery made at its flagship BNG asset 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast in Kazakhstan

Roxi collected its first core samples from a recent discovery made at its flagship BNG asset 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast in Kazakhstan
Initial examination shows the recovered core of dolomitic limestone and is porous, fissured and filled with oil

Roxi has announced that the first core sample over the 12 metre range between 4,332 and 4,344 metres has been successfully completed at its A5 well with a 9.85m core recovered.

"We remain delighted with these early indications and look forward to further quantifying what has been discovered in due course,” said Clive Carver, Roxi chairman.

Well A5, the first deep well on the BNG Contract Area, has a planned total depth of 4,700 metres and is targeting the middle Carboniferous formation at 4,390 metres of the South Emba sub-basin.

As previously announced oil and gas shows were detected at a depth of 4,332 metres.

Initial examination shows the recovered core of dolomitic limestone and is porous, fissured and filled with oil.

At 4,344 metres depth a 5-10 cm layer of siliceous rock has been encountered.

Roxi's management believes the oil bearing interval extends beyond the 12 metres referred to above and is seeking to take further core samples over an additional 18 metres between depths of 4,347 and 4,365 meters.

Should as the management team expect the 18 metre interval show oil, further core samples will be taken until the full extent of the oil bearing intervals are established.

Once the depth of the oil bearing interval has been established testing work will focus on establishing flow rates for the oil encountered.

Further announcements will be made in due course.

The BNG Contract Area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,561 square kilometres of which 1,376 square kilometres has 3D seismic coverage acquired in 2009 and 2010.

Roxi has a 58.41 per cent interest in the BNG Contract Area.

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