LGI Spuds Kazakh Well

Roxi announced that, following the successful drilling of the NK-9 well, the NK-10 well was spudded on November 28, 2011.

The well is planned to drill to a total depth of 1500 meters to appraise the Arskum discovery and the Upper Jurassic formation in the south channel of the Galaz block in Kazakhstan. Drilling operations are being coordinated by our operating partners LGI and are expected to take approximately 30 days, after which a further announcement will be made.

David Wilkes, CEO commented, "This is the next planned appraisal well on NW Konys that should firm up our understanding of the amount of oil in place, as well as provide us additional information on the reserves within the existing reservoir."