Roxi provides further update on BNG discovery

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of the deep discovery at its flagship BNG asset.

Background

The BNG Contract Area is located in the west of Kazakhstan 40 km southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1561 km², of which 1376 km² has 3D seismic coverage acquired in 2009 and 2010.

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

Deep Well A5

On 19 August 2014, Roxi announced that the thickness of the gross oil-bearing interval commencing at 4332 m was at least 51 m 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 19 August 2014 the thickness of the gross oil-bearing interval is now at least 105 m, between 4332 m and 4437 m.

For safety reasons related to different pressure and temperature conditions at lower depths Roxi has decided to complete the well at 4442 m. Once the well has been completed after running and setting 114 mm liner flow testing will commence.

Roxi's next deep well, A6, is planned to allow targeting of levels below 4437 m.

Comment

Clive Carver, Roxi Chairman, commented: "The 105 m 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."

Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/01092014/roxi-provides-further-bng-discovery-update-1360/