Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that it has been advised by the Ministry of Oil & Gas of the Republic of Kazakhstan that its operating Company, Galaz and Company LLP, ("Galaz") has received approval for gas flaring for the period 2012 to 2014, which is the final regulatory consent needed before pilot production can commence on its NW Konys Field.
Roxi now expects Well NK 4 & NK 6 will be put into pilot production in the first quarter 2012.
David Wilkes, CEO commented
"We and our partner LGI are now in a position to commence pilot production from two of our wells on NW Konys and at the same time will test the outcome of wells NK 9 and NK 10 in early in 2012."
Enquiries
Roxi Petroleum plc
David Wilkes CEO
+7 727 244 0920
Strand Hanson Limited
Andrew Emmott / Cordelia Orr-Ewing
+44 (0) 20 7409 3494
Renaissance Capital Limited
John Porter / James Etherington
+44 (0) 20 7367 8242
Buchanan (Financial PR)
Tim Thompson / Ben Romney / Helen Chan
+44 (0) 20 7466 5000
Qualified Person
Mr. Hyunsik Jang, Chief Operating Officer of the Company, has
reviewed and approved the technical disclosures in this
announcement. He holds a BSc in Geology and has 25
years of international experience of exploration, appraisal,
and development of oilfields in a variety of
environments.
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