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Roxi and Sinopec spud Deep Well 801 in the BNG Contract Area of Kazakhstan

15th December 2014

Roxi has confirmed that Deep Well 801 has been spudded as planned in the BNG Contract Area of Kazakhstan

Roxi and Sinopec spud Deep Well 801 in the BNG Contract Area of Kazakhstan
Deep Well 801 is located approximately eight kilometres from Deep Well A5 and will be targeting the same structure as Deep Well A5 in the Lower Carboniferous

"It is always exciting to spud a new well, particularly a deep well,” said Clive Carver, Roxi chairman.

“We look forward to working with Sinopec on this drill.”

The well is to be drilled to a total depth of 4,700 metres targeting the Lower Carboniferous. The well is expected to reach Total Depth by mid April 2015. The well is being drilled on a turnkey basis by Sinopec, the Chinese multinational, at a fixed cost of USD 11m.

Deep Well 801 is located approximately eight kilometres from Deep Well A5 and will be targeting the same structure as Deep Well A5 in the Lower Carboniferous.

“As regards Deep Well A5 our plan is to work in a cost effective manner using the simpler and cheaper techniques available to us to clean up the well for testing rather than moving directly to the more expensive and time-consuming procedures.  We will continue to update the market with progress as it occurs.”

Deep Well A5 has run into a number of operational problems whilst drilling and testing, with testing set to resume in February 2015.

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 kilometers has 3D seismic coverage acquired in 2009 and 2010.

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