Roxi Petroleum update the market with the progress of Well NK-12, at its NW Konys asset (Galaz), which was spudded on 23 November 2012.

Well NK-12 is located to the south of currently producing wells at Galaz, which in aggregate are now producing in excess of 1,000 bopd. Roxi has a 34.22 per cent interest in Galaz.

NK-12 has been drilled to a total depth of 1,402 metres, and wireline logging has been run. The wireline log interpretation indicated that the well encountered an oil-bearing zone in the Cretaceous interval from 1,285 to 1,292.8 metres. Production casing has been run and cemented for perforating the above interval for testing.

Tags: Roxi Petroleum