Central Asia-focused Roxi Petroleum reported Wednesday that its license for the BNG Contract Area in Kazakhstan has been successfully renewed for a further period of two years, ending on June 6 2015.
Roxi confirmed that the focus of the BNG drilling campaign for the remainder of the year are the deep wells planned for the Aryshagal region. The first of these wells, which will be drilled to a depth of 15,420 feet, has spud and is expected to take a further 90 days to reach its total depth. This well will target Permian and Carboniferous formations.
Up to four further deep wells are planned for 2013 and 2014, Roxi added.
Roxi also reported that production from Wells 54 and 805 is running at the rate of some 200 barrels of oil per day and production from Well 806 is expected to come on stream later in 2013.
Roxi Chairman Clive Carver commented in a company statement:
"The renewal of the BNG license and the commencement of the deep drilling program mark the coming together of several years' preparatory work.
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