Roxi Petroleum: Well 143 'Flowing Strongly'

Kazakhstan-focused oil and gas company Roxi Petroleum plc announced Wednesday that well 143, located within the BNG asset, is currently “flowing strongly” after encountering oil shows late last year.

Roxi reported that the average daily flow rates from the well comprised 520 barrels of oil per day with a 3mm choke, 675 bopd with a 5mm choke and 815 bopd with a 7mm choke. The improved flow rates are a result of the perforation of five additional intervals at the well, which was spud April 1, 2013 and drilled to a total depth of 9,022 feet.

The company also revealed that progress has been made at the A5 and 801 Deep Wells, both of which had encountered blockages last year, and that Deep Well A6 remains on target to reach total depth at the end of February 2016.

Clive Carver, Roxi Petroleum chairman, commented in a company statement:

"We are naturally pleased with the significant improvement in flow rates at Well 143 following the perforation of the new intervals.  As previously noted we have high hopes for this well and the structure on which it sits."

"We remain encouraged by the progress at the deeper wells and look forward to a time when we can update the market with uninterrupted flow rates."