Roxi Petroleum: Deep Well A6 Spuds at BNG

Kazakhstan-focused oil and gas company Roxi Petroleum plc announced Monday that a new well has spud on the BNG asset.

Deep Well A6, located around 4,000 feet from Deep Well A5, has a planned depth of 16,404 feet and will target deep carbonate structures in pre-salt intervals. The well, which is being drilled for a fixed cost of $8.5 million using the same rig and contractor that drilled Deep Well A5, is expected to reach planned total depth by the end of February 2016. Roxi Petroleum holds a 58.41 percent working interest in BNG.

Roxi Chairman, Clive Carver, commented in a company statement: 

"Deep Well A6 is the third of our deep wells at BNG and we look forward to updating the market with its progress in due course."

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