Roxi Extends Deadline for Xinjiang Zhundong to Acquire Stake in Galaz Block

Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, provided the market with an update Monday on news of progress concerning the possible sale the Galaz Contract Area in the Kyzylorda Oblast in central Kazakhstan in which it holds an interest of 34.22 percent.

Further to the announcement of Jan. 8, Roxi is pleased to report that it continues to work with a consortium led by Xinjiang Zhundong Petroleum Technology Co., (Xinjiang Zhundong) a company listed on the Shenzhen Stock Exchange in China, in connection with the potential acquisition of 100 percent of the Galaz Contract Area (Galaz).

Accordingly the period of exclusivity granted to Xinjiang Zhundong, which expired Jan. 31, has been extended to Feb. 10.

Further announcements will be made in due course.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Operations Supervisor - Hobbs, NM Job
Expertise: Asset Management|Operations Management|Refinery / Plant Operations Supervisor
Location: Hobbs, NM
Engineering Intern - Tolk Station Job
Expertise: Plant Operations Engineer|Project Management|Student / Recent Grad
Location: Earth, TX
United States Houston: Account Rep, Bus Dev, Sr
Expertise: Business Development|Sales
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours