TIDMRXP 
 
RNS Number : 8578V 
Roxi Petroleum Plc 
17 July 2009 
 

Roxi Petroleum plc 
("Roxi or the "Company") 
 
 
Corporate update 
 
 
Roxi Petroleum plc ("Roxi" or "the Company"), the Kazakhstan based oil 
exploration and development company is pleased to announce the extension of the 
deadline to obtain Roxi shareholder approval in respect of the farm-out 
arrangements concerning Canamens and Roxi's BNG assets; the signing of a 
Memorandum of Understanding ("MOU") with LG in connection with Roxi's Galaz 
assets; and the issue of 7,087,500 shares in return for assistance in securing 
funds in November 2008. 
 
 
BNG Farm-out extension 
 
 
Under the terms of the agreement signed with Canamens and announced in January 
2009 and because of the size of the proposed farm-out Roxi shareholder approval 
is required by 31 July 2009. This deadline has been extended to 14 August 2009 
to allow a General Meeting of Roxi shareholders to be convened to consider the 
proposed Canamens / BNG farm-out arrangements. 
 
 
A circular to Roxi shareholders setting out the details of the proposed farm-out 
is expected to be issued later this month. 
 
LG MOU 
 
 
Roxi has entered into a MOU with LG, the Korean based multinational with 
existing oil and gas assets in Kazakhstan, to allow LG to evaluate Roxi's 
interest in the Galaz assets with a view to LG acquiring Roxi's interests in 
those assets in full. 
 
 
The terms of the MOU grant LG exclusive access to the Galaz records until the 
end of September 2009. Further announcements will be made in due course. 
 
 
Issue of shares 
 
 
Roxi has agreed to issue shares to Starostin Sergey Valentinovich in return for 
his assistance in securing much needed equity funding in November 2008. 
 
 
Accordingly, Roxi has agreed to issue 7,087,500 Roxi shares to Starostin Sergey 
Valentinovich credited as fully paid. 
 
 
Application will be made to The London Stock Exchange for the new Ordinary 
Shares to be admitted to trading on AIM. It is expected that admission will be 
effective and that trading of the new Ordinary Shares will commence on 23 July 
2009. 
 
 
Under section 103 of the Companies Act, the issue of shares for non-cash 
consideration requires an independent valuation by the Company's auditors, which 
has now been received. 
 
 
Shares in issue 
 
 
Following the issue of these shares the total number of ordinary shares of 1p 
each is 383,619,625. 
 
 
17 July 2009 
 
 
Enquiries: 
 
 
+------------------------------------+------------------------------------+ 
| Roxi Petroleum plc                 |                                    | 
+------------------------------------+------------------------------------+ 
| Rob Schoonbrood, CEO               |                    +7 727 244 0920 | 
+------------------------------------+------------------------------------+ 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| College Hill (Financial PR)        |                                    | 
+------------------------------------+------------------------------------+ 
| Paddy Blewer / Nick Elwes          |               +44 (0) 20 7457 2020 | 
+------------------------------------+------------------------------------+ 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| WH Ireland (NOMAD and broker)      |                                    | 
+------------------------------------+------------------------------------+ 
| James Joyce                        |                +44 (0)20 7220 1666 | 
+------------------------------------+------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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