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Roxi Petroleum hits oil bearing reservoir in NK-9 well

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Kazakhstan oil firm Roxi Petroleum (LON:RXP) this morning announced that the NK-9 well has encountered oil bearing reservoir sands.

The well was spudded at the end of last month. The well was designed to appraise the Arskum discovery. It was drilled to a depth of 1,505 metres. 

Roxi said that the preliminary interpretation of wireline logging indicates that the well encountered oil bearing reservoir sands in the Upper Jurassic section. This was at a depth of 1,294 metres. 

Following final interpretation of the data from wireline logs Roxi will perforate and test the well. 

Meanwhile the drill rig will now move on to drill the NK-10 well. This well will appraise the Upper Jurassic sands on the same structure.

"I am delighted that the results of drilling NK-9 have confirmed our understanding of the oil in place on NW Konys and look forward to the final results of the logging and putting this well onto test after completing the drilling of well NK-10," said chief executive David Wilkes.

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