• Wednesday, 16 May, 2012

Roxi plans pilot Kazakh production

Go-ahead: Roxi gets gas flaring approval in Kazakhstan

Roxi Petroleum

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By Eoin O'Cinneide

 03 January 2012 13:09 GMT

Roxi Petroleum is eyeing pilot production at two wells in Kazakhstan after receiving the go-ahead on gas flaring at a field.

The London-listed company announced on Tuesday that Kazakhstan’s Ministry of Oil & Gas has handed it approval for gas flaring at the NW Konys field between this year and 2014.

This was the final regulatory consent needed before pilot production could take place, Roxi said.

The company now expects to press ahead with pilot production at the NK 4 and NK 6 wells in the first quarter this year.

Chief executive David Wilkes also said Roxi will test the outcome of wells NK 9 and NK 10 in early 2012.

Shares in Roxi were up over 6% as of early Tuesday afternoon local time.

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