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Roxi adds extra 50 metres of oil pay to A5 BNG discovery in Kazakhstan

01st September 2014

Roxi Petroleum has increased the estimates of oil at one of its BNG Contract Area wells to a gross oil-bearing thickness of metres, following drilling and mud logging

Roxi adds extra 50 metres of oil pay to A5 BNG discovery in Kazakhstan
Well testing has raised Roxi's oil-bearing estimates from 51 metres to 105 metres

Roxi has announced that based on additional drilling and mud logging conducted since 19 August 2014, the thickness of the gross oil-bearing interval is now at least 105 metres, between 4,332 meters and 4,437 metres.

"The 105 meters gross interval is an excellent outcome,” said Clive Carver, Roxi chairman. “ How far further the interval extends will be for another time to determine.”

“More than ever we look forward to the results of the flow test."

For safety reasons related to different pressure and temperature conditions at lower depths Roxi has decided to complete the well at 4,442 meters. Once the well has been completed after running and setting 114 mm liner flow testing will commence.

On 19 August 2014, Roxi announced that the thickness of the gross oil-bearing interval commencing at 4,332 meters was at least 51 meters and that Roxi would continue to determine the full extent of the interval by drilling and logging rather than taking additional core samples.

Roxi's next deep well, A6, is planned to allow targeting of levels below 4,437 metres.

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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