Business
Galaz Discovery
Galaz Discovery.
About this update from Caspian Sunrise Plc
[{"type":"text","content":"\n RNS Number : 3158H Roxi Petroleum Plc 18 February 2010 \n \n\nRoxi Petroleum plc\n \nGalaz Discovery \n \nRoxi Petroleum plc (\"Roxi\" or the \"Company\")(ticker: RXP) is an AIM listed exploration and production company operating in Kazakhstan.\n \nHighlights:\n· Second discovery on Galaz Contract Area.\n· NK22 encounters 12.8 metres of net pay\n· Good quality Lower Cretaceous and Jurassic reservoir\n \nRoxi is pleased to announce that exploration well NK22, drilled by its subsidiary \"Galaz and Company\" LLP, has encountered 12.8 metres of net pay, determined from wireline logs, in good quality lower Cretaceous, and Upper Jurassic aged reservoir formations (the primary objective). The well was drilled to a total depth of 2840 metres to evaluate Middle Jurassic potential on the block. Casing will be run, prior to testing the well. \n \nComments\nDavid Wilkes, CEO said\n\"This represents the sixth consecutive oil well drilled by Roxi in the past 14 months. It is an exciting discovery of a satellite accumulation to NW Konys field in the Galaz Contract Area which will allow Roxi to add to pilot production expected to start in Q2.\"\n18 February 2010\n \nEnquiries: \nRoxi Petroleum plc\nClive Carver, non-executive chairman +44 207 600 1658\nDavid Wilkes, CEO  ...