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Roxi uncovers oil and gas at Kazakhstan wildcat

09th July 2014

Roxi, a Central Asian oil and gas company with a focus on Kazakhstan, has announced a discovery at its flagship BNG asset

Roxi uncovers oil and gas at Kazakhstan wildcat
Roxi is delighted to announce that oil and gas shows have been detected at a depth of 4,332 metres

"We are naturally delighted with these early indications and look forward to quantifying what has been discovered in the coming days and weeks,” said Clive Carver, Roxi chairman.

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.

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

Roxi is delighted to announce that oil and gas shows have been detected at a depth of 4,332 meters.

After the completion of clean-up work to deal with the oil and gas shows encountered,  core samples will be taken to determine the oil bearing horizon.

Further announcements will be made in due course.

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