Roxi Petroleum issues BNG operational update

Roxi Petroleum said the recent drilling successes at 141 and potentially at 142 in the BNG Contract Area are further indications of the potential high value of the MJF structure.

"The need to repeat the perforation work at Deep Well A6 is frustrating but the board believe it is unlikely to have any material impact on the final outcome at the well, which we believe remains very encouraging," said executive chair Clive Carver.

Roxi has a 58.41% interest in the BNG Contract Area, which is located in the west of Kazakhstan 40 kilometers southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,702 square kilometres.