Roxi Petroleum Plc Operational Update (7174U)
April 11 2016 - 2:00AM
UK Regulatory
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RNS Number : 7174U
Roxi Petroleum Plc
11 April 2016
Roxi Petroleum PLC
("Roxi" or the "Company")
Operational Update
Roxi, the Central Asian oil and gas company with a focus on
Kazakhstan, is pleased to update the market with news of its
flagship BNG asset.
Shallow Wells
Recent activity at our shallow wells has been focused on Well
143, which is currently producing at the rate of 623 bopd through a
5mm choke. Later this week a 6mm choke will be tested.
Total production from our shallow wells is running at the rate
of 865 bopd (510 bopd net to Roxi).
Deep Wells
Deep Well A6
Deep Well A6 was spudded in early November 2015 and is to be
drilled to a planned total depth of 5,000 meters.
Following a pause to set casing to a depth of 3,727 meters and
the installation of high pressure blowout preventers drilling has
resumed and has reached a depth of 3,835 meters.
Based on our interpretation of seismic surveys and the
experience from the two previous deep wells we expect to reach a
potentially oil bearing zone after a further 300 meters.
Deep Well A5
Deep Well A5 was drilled to a depth of 4,442 meters, and for
brief periods of up to two hours at a time the well flowed oil at
the rate of 2,000 bopd before becoming blocked by the accumulation
of unrecovered heavy drilling fluids becoming set in the oil
pipe.
The rig initially identified for testing was used on other
activities but is now back on site for a new attempt to clear the
blocked well using coil tubing equipment.
Deep Well 801
As previously reported Deep Well 801, which was drilled to a
depth of 5,050 meters, has suffered from blockages caused by excess
drilling fluids.
Following extensive chemical cleaning the pressure in the well
has grown to 240 bar. Our intention is to open the well for testing
once the pressure reaches 300 bar.
Comment
Clive Carver, Chairman said
"We remain pleased with the progress at our shallow wells and
continue to work to allow the commencement of testing of the two
completed deep wells A5 and 801.
At Deep Well A6 we look forward to the findings from the
drilling of the potentially oil bearing section.
Qualified Person
Mr. Nurlybek Ospanov, Roxi's senior geologist who is a member of
the Society of Petroleum Engineers ("SPE"), has reviewed and
approved the technical disclosures in this announcement.
Enquiries
Roxi Petroleum PLC
Clive Carver, Chairman +7 727 375 0202
WH Ireland plc
James Joyce / James Bavister +44 (0) 20 7220 1666
This information is provided by RNS
The company news service from the London Stock Exchange
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