Roxi's NK-9 Well Reaches TD

Roxi announced that well NK-9, located in Kazakhstan, spudded on October 27, 2011 has reached a total depth of 1,505 meters on November 16, 2011.

The preliminary interpretation of wireline logging indicates that the well encountered oil bearing reservoir sands in the Upper Jurassic section at a depth of 1,294 meters Measured Depth. Upon final interpretation of the wireline logs data, the well will be perforated and tested. The rig is currently being moved to the second well location, NK-10, which will be drilled to appraise the Upper Jurassic sands on the same structure in early December.

David Wilkes, Chief Executive Officer, commented, "I am delighted that the results of drilling NK-9 have confirmed our understanding of the oil in place on NW Konys and look forward to the final results of the logging and putting this well onto test after completing the drilling of well NK-10."

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