Roxi Updates on Drilling at A5 Well in BNG Contract Area in Kazakhstan

Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, provided Monday further update of news on the deep discovery at its flagship BNG asset in the pre-Caspian basin in Western Kazakhstan.


The BNG Contract Area is located in the west of Kazakhstan 24.8 miles (40 kilometers) southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 602.7 square miles (1,561 square kilometers) of which 602.7 square miles (1,376 square kilometers) has 3D seismic coverage acquired in 2009 and 2010.

Roxi has a 58.41 percent interest in the BNG Contract Area.

Deep Well A5

On Aug. 19 Roxi announced that the thickness of the gross oil-bearing interval commencing at 14,212 feet (4,332 meters) was at least 167 feet (51 meters) and that Roxi would continue to determine the full extent of the interval by drilling and logging rather than taking additional core samples.

Roxi is pleased to announce that based on additional drilling and mud logging conducted since Aug. 19 the thickness of the gross oil-bearing interval is now at least 344 feet (105 meters), between 14,212 feet (4,332 meters) and 14,557 feet (4,437 meters).

For safety reasons related to different pressure and temperature conditions at lower depths Roxi has decided to complete the well at 14,573 feet (4,442 meters). Once the well has been completed after running and setting 4.48 inch (114 millimeter) liner flow testing will commence.

Roxi's next deep well, A6, is planned to allow targeting of levels below 14,557 feet (4,437 meters).  

Further announcements on the progress of A5 will be made in due course.


Clive Carver, Chairman commented:

"The 344 feet (105 meters) gross interval is an excellent outcome. How far further the interval extends will be for another time to determine.

More than ever we look forward to the results of the flow test."


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