Roxi Petroleum plc announces Galaz NK-12

Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with the progress of Well NK-12, at its NW Konys asset (Galaz), which was spudded on 23 November 2012.Well NK-12 is located to the south of currently producing wells at Galaz, which in aggregate are now producing in excess of 1,000 bopd. Roxi has a 34.22 per cent interest in Galaz.

NK-12 has been drilled to a total depth of 1,402 metres, and wireline logging has been run. The wireline log interpretation indicated that the well encountered an oil-bearing zone in the Cretaceous interval from 1,285 to 1,292.8 metres. Production casing has been run and cemented for perforating the above interval for testing.

Work on this well is scheduled to restart following the end of the Kazakh New Year holiday break in the middle of January 2013, after which, a further update will be made.

Source: Roxi Petroleum plc

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