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.
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