Roxi Petroleum has reported that, following the successful drilling of the NK-9 well, the NK-10 well was spudded on 28November 2011. The well is planned to drill to a total depth of 1500 metres to appraise the Arskum discovery and the Upper Jurassic formation in the south channel of the Galaz Block. Drilling operations are being coordinated by Roxi's operating partners LGI and are expected to take approx. 30 days, after which a further announcement will be made.

David Wilkes, CEO commented: 'This is the next planned appraisal well on NW Konys that should firm up our understanding of the amount of oil in place, as well as provide us additional information on the reserves within the existing reservoir.'

Tags: Roxi Petroleum