Additional Information
Market: AIM
Sector: Energy
EPIC: RXP
Latest Price: 4.88p  (0,00%)
52-week High: 10.50p
52-week Low: 2.63p
Market Cap: 29.75M
1 year chart
1 day chart
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Roxi Petroleum
www.roxipetroleum.com

Roxi Petroleum plc (Roxi) is a Kazakhstan-based oil exploration and development/production company. The Ravninnoe Contract Area covers 121 square kilometer and is located approximately 100 kilometer north east of the Tengiz oilfield in the south Emba region of the Pre Caspian Basin, in the Atyrau and Mangistau Oblasts of West Kazakhstan. The Beibars Contract Area covers 167 square kilometer on the Caspian Sea coastline approximately 30 kilometer south of the industrial town of Aktau in the Mangistau Oblast of West Kazakhstan. The BNG Contract Area covers 1,561 square kilometer and is approximately 40 kilometer south of the Tengiz oilfield spanning the boundaries of the Pre Caspian and North Ust-Urt basins and 130 kilometers from the industrial town of Kulsary in the Mangistau Oblast of West Kazakhstan.

Pdf

Roxi Petroleum mulls sale of Galaz assets to Korea’s LG, enters MOU

17th Jul 2009, 12:08 pm Roxi Petroleum mulls sale of Galaz assets to Korea’s LG, enters MOU

Roxi Petroleum PLC (AIM: RXP) announced it has entered into a Memorandum of Understanding 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.

LG has been granted exclusive access to the Galaz records until the end of September 2009. Further announcements will be made in due course.

Roxi also said has agreed to issue 7.08 million shares to Starostin Sergey Valentinovich in return for his assistance in securing much needed equity funding in November 2008.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.