Roxi Sees Further Oil, Gas Shows at Kazakh Well

Kazakhstan-focused Roxi Petroleum reported Monday that its A5 well, located on the BNG Contract Area in the west of the country, has made a further discovery.

Roxi reported on August 5 that oil and gas shows were detected at a depth of 14,213 feet in a 39-foot core taken from the well. Now, the firm has announced that a further core of 58 feet has been taken between 14,263 feet and 14,322 feet, with 18.5 feet being recovered. Initial examinations of this core confirmed it to be grey limestone, microcrystalline, dolomitic, fissured, vuggy and oil saturated over its full length, the firm said.

This makes the aggregate thickness of the gross oil-bearing interval at least 108 feet.

Roxi now intends to take a third core sample before assessing the flow rate of the well.

Roxi Chairman Clive Carver commented in a company statement:

"With the gross oil bearing interval now at least 33 meters we continue remain excited by the potential of the deep horizons at the BNG Contract Area and look forward to establishing the full extent of this discovery."



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