Roxi Petroleum has outlined its plans for a merger and debt-free future.
Roxi Petroleum was today celebrating its well tests for its BNG Contract Area.
Roxi Petroleum today confirmed both the shallow and deep wells on its flagship BNG asset in Kazakhstan yielded positive results.
Roxi Petroleum has appointed Gaffney, Cline & Associates (GCA) to assess the potential of its flagship BNG asset.
Roxi Petroleum, the Kazakhstan-focused independent said it has improved its flow rates from its flagship Well 143, whilst still encountering blockages from its deeper wells.
Roxi Petroleum, the Kazakhstan-focused independent, has spudded a new deep well at its flagship BNG asset in the Asian country.
Roxi Petroleum said it expects to spud the Deep Well A6 in Kazakhstan in the next few days for a fixed cost of $8.5million. The new deep well has a planned depth of 5,000metres targeting pre-salt intervals in the Cretaceous and is expected to take four months to reach its planned total depth. A further two deep wells will also be drilled in the next 12 months with the timing and location dependent on findings from other existing deep wells.
Central Asian-focused UK independent Roxi Petroleum has posted a first half pretax profit of $18.7m in 2015 thanks to the sale of the Galaz gas plant in Kazakhstan.
Roxi Petroleum has made a new discovery at its flagship BNG asset in Kazakhstan.
Kazakhstan focused oil and gas firm Roxi Petroleum has made a second find associated with its flagship BNG asset. Core samples and logging in the second well have revealed a potentially oil bearing interval starting from 4,536 meters and extending 100 meters. It’s located approximately eight kilometres from the first deep well and is being drilled by Sinopec, the Chinese multinational, at a fixed cost of $11 million.
Alternative-market-listed Roxi Petroleum, the central Asian oil and gas company with a focus on Kazakhstan, said today it had received the first $10.4million (£6.5million) from the sale of the Galaz asset.