Roxi Petroleum Spuds NK-9 in the Galaz Block
Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the NK-9 well was spudded at 13:00hrs (local time) on 27 October 2011.
The well is planned to drill to a total depth of 1500 metres to appraise the discovery of Arskum formation in the south channel of the Galaz block. 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.
This is the first of 3 wells expected to be drilled across the Group’s assets before the end of the year and marks the start of the next phase of operational activity for the Company.
David Wilkes, CEO commented
“I am delighted that after many months of preparation and dealing with the Company’s finances we are able to commence drilling on what we believe to be a promising asset. We await with interest the results of the drilling.
