Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, provides the following operations update:

BNG Ltd LLP (Roxi Interest 23.41%) Well 135 was drilled to a total depth of 2950m on 10 February 2011. Despite encountering shows over much of the target Jurassic interval, wireline logging has confirmed that there are no zones of commercial interest and the well will be plugged and abandoned.

This well tested a single play type and has given the Company and its partners in BNG useful information for de-risking the forward exploration programme. Following abandonment of well 135, BNG will re-evaluate the current drilling programme to incorporate new prospects being generated from the newly acquired 3D seismic, which completed processing in December.

David Wilkes CEO commented, 'We are disappointed that well 135 failed to find producible hydrocarbons, however we have learnt valuable information about the trapping potential of the Jurassic reservoirs, and will use this to increase the success rate of future exploration drilling on the block.'

Tags: Roxi Petroleum