Last 11.63 GBp
Change Today +0.375 / 3.33%
Volume 356.6K
RXP On Other Exchanges
Symbol
Exchange
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As of 7:38 AM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

roxi petroleum plc (RXP) Snapshot

Open
11.25 GBp
Previous Close
11.25 GBp
Day High
11.63 GBp
Day Low
11.25 GBp
52 Week High
09/1/14 - 25.25 GBp
52 Week Low
07/4/14 - 3.88 GBp
Market Cap
102.8M
Average Volume 10 Days
823.3K
EPS TTM
0.0005 GBp
Shares Outstanding
884.1M
EX-Date
--
P/E TM
353.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for ROXI PETROLEUM PLC (RXP)

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roxi petroleum plc (RXP) Details

Roxi Petroleum Plc explores and produces crude oil in Kazakhstan. The company owns 58.41% interest in the BNG contract area, which covers an area of 1,561 square kilometers (km2) located in the Mangistau Oblast in Western Kazakhstan; and 34.22% interest in the Galaz block that covers an area of 179 km2 located in the Kyzylorda Oblast in Central Kazakhstan. It also holds 58.41% interest in the Munaily field, which covers an area of 0.67 km2 located in the Atyrau Oblast in Western Kazakhstan; and 50% interest in the Beibars contract area that covers an area of 167 km2 located on the Caspian shoreline. The company was founded in 2006 and is based in London, the United Kingdom.

112 Employees
Last Reported Date: 06/6/14
Founded in 2006

roxi petroleum plc (RXP) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $145.1K
Executive Chairman, Company Secretary, Member...
Total Annual Compensation: $240.0K
Chief Financial Officer and Executive Directo...
Total Annual Compensation: $138.8K
Consultant
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

roxi petroleum plc (RXP) Key Developments

Roxi Petroleum PLC Announces Progress at Deep Well A5

Roxi Petroleum PLC announced progress at its BNG asset, and in particular progress at its Deep Well A5. The well was drilled to a total depth of 4,442 meters. Casing was set to a depth of 4,077 meters and the core sampling revealed the existence of a gross oil-bearing interval of at least 105 meters from 4,332 meters to at least 4,437 meters. The well is to be tested on an open-hole basis. This is principally because there is a stuck pipe in the interval between 4,322 and 4,401 meters. The stuck pipe is not expected to affect the outcome of the 30-day test and the company will seek to remove it following the completion of that test. The company announced that the major part of coil tubing has now been removed from the well. However 50 meters of coil tubing remains in the well and that core tubing still contains drilling fluids, which are trapped by a metallic object believed dropped during the clean-up works. The company plans, during the remainder of February, to remove these obstruction using conventional fishing techniques with a target that the 30-day well test can start in March 2015. If necessary part of the casing will be removed towards the bottom of the well at depth of 4,073 meters, to allow the open-hole testing to be conducted at a higher level than previously expected. Deep Well 801, which was spudded on 15 December 2014, is now to be drilled to a total depth of 4,950 meters targeting the Lower Carboniferous. The well is being drilled by Sinopec, the Chinese multinational, at a fixed cost of $11 million. The company plans to spud Deep Well A6 following the clean up and removal of the stuck pipe at Deep Well A5. The well will use the same rig as for Deep Well A5 and is planned for a Total Depth of 4,700 meters targeting the Lower Carboniferous. Deep Well A6 will be located some 1,800 meters from Deep Well A5 and will be targeting the same oil-bearing formation revealed in A5 in the Lower Carboniferous.

Roxi Petroleum Extends Galaz Contract Talks With Xinjiang Zhundong

Roxi Petroleum PLC (AIM:RXP) is in talks with a consortium led by Xinjiang Zhundong Petroleum Technology Co., Ltd. (SZSE:002207) to sell Galaz Contract Area. The period of exclusivity granted to Xinjiang Zhundong, which expired on January 31, 2015, has been extended to February 10, 2015. Roxi Petroleum holds 34.22% stake in Galaz Contract Area.

Roxi Petroleum PLC Provides as Operational Update BNG asset

Roxi Petroleum Plc announced further update the news of progress at its BNG asset. The BNG Contract Area is located in the west of Kazakhstan 40 kilometers southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,561 square kilometers of which 1,376 square kilometers has 3D seismic coverage acquired in 2009 and 2010. Roxi has a 58.41% interest in the BNG Contract Area. Deep Well 801: The company confirmed that Deep Well 801 has been spudded as planned. The well is to be drilled to a total depth of 4,700 meters targeting the Lower Carboniferous. The well is expected to reach Total Depth by mid April 2015. The well is being drilled on a turnkey basis by Sinopec, the Chinese multinational, at a fixed cost of $11 million. Deep Well 801 is located approximately 8 kilometres from Deep Well A5 and will be targeting the same structure as Deep Well A5 in the Lower Carboniferous. Deep Well A5L: Well Status update: The well was drilled to a total depth of 4,442 meters. Casing was set to a depth of 4,077 meters and the core sampling revealed the existence of a gross oil-bearing interval of at least 105 meters from 4,332 meters to at least 4,437 meters. Due to the high pressure in the well, the coil tubing equipment has become stuck at a depth of 2,996 meters. This has delayed the commencement of the 30-day flow test. Current position: Work continues to remove the excess drilling fluids and stuck core-tubing equipment. Encouragingly, despite the blocked well,oil continues to flow to the surface under its own pressure. It remains the position that the company expects to defer commencement of the 30-day well test until February 2015.

 

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