Max Petroleum: Drills Deeper at BNG
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to provide an operational update on its flagship BNG asset. Well 143 As previously announced, Well 143 was spudded on 1 April 2013, on the MJ-F structure located towards the North of South Yelemes field …
Roxi Petroleum: Positive Cretaceous Well Test Flows at BNG
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to provide an operational update on its flagship BNG asset. Well 806 Background Roxi has a 58.41 per cent interest in the BNG Contract Area, which already has three wells at South Yelemes part of …
Roxi Petroleum: Starts 2013 Drilling Program at BNG Well 143
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that on 1 April 2013 BNG Well 143 was spudded on the MJ-F structure located towards the North of South Yelemes field. The total depth of the well is planned to be 2500 …
Roxi Petroleum: First Pilot Production from BNG
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with developments at its BNG and Galaz assets. BNG The Board is pleased announce the first pilot production from the South Yelemes field in the BNG Contract Area. Background Roxi has …
Roxi Petroleum: First Payments of the $40 million Equity Investment and a New CFO
Further to the announcement of Tuesday 15 January 2013, concerning the agreement in relation to the equity investment of $40 million, Roxi is pleased to announce that the first $10 million payable under the subscription agreement has been received and that 83,791,429 new Roxi shares will be issued to Mr. …
Roxi Petroleum: Raises $40m USD in New Investment from Kairat Satylganov
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that it has entered into an agreement to raise $40 million from the issue of new Roxi shares. Mr. Kairat Alpamysovich Satylganov, a Kazakh investor, has agreed to subscribe for 355,165,716 …
Sprint Energy Acquires 74% of BNG Block 71-1
Sprint Energy Ltd is very pleased to provide an update on the acquisition of Block 71-1 project in Tomsk in Western Siberia. The Company confirms that post extensive due diligence activities, parties have now formally executed the acquisition documents for Sprint to acquire a seventy four (74%) percent interest in …
Roxi Petroleum: Update on BNG / KNOC Farm-out
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, announces that it has been informed by KNOC that KNOC has decided not to complete the previously announced farm-in to BNG. All material regulatory consents had been received to allow the BNG farm-in to proceed …
Roxi Petroleum: 5m USD for BNG Farm Out
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that Bakmura LLP (“Bakmura”), a subsidiary of the Korean National Oil Corporation (“KNOC”), has agreed to pay an initial cash consideration of $5 million and to invest a further $25 million in the …
Roxi Petroleum: Testing Galaz and BNG
Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with operational progress at both its Galaz and its BNG Contract Areas. Galaz Our partners LGI have tested Well NK-9 at three levels. Between 1,397 and 1,403 metres, water was …