Director dealings: There was a wise lady called Limerick
12th Jan 2017 16:23
(ShareCast News) - The wife of Roxi Petroleum director Edmund Limerick splashed out and gained from an uptick. Limerick's wife spent £50,350-worth at a price of 9.5p per share to take her and her husband's holding to 2.235m. Mrs Limerick made the purchase on Wednesday, the day after the oil and gas
Read moreDirector dealings: Limerick doubles stake in Roxi Petroleum
5th Jul 2016 14:52
(ShareCast News) - Roxi Petroleum director Edmund Limerick has doubled his stake in the Central Asian oil and gas company as it battles to advance several wells towards production. Limerick, a former investment banker, diplomat and Central Asia specialist, bought 550,000 ordinary shares at a pri
Read moreRoxi Petroleum reaches agreement over royalty payments
24th Jul 2015 13:55
(ShareCast News) - Oil and gas explorer Roxi Petroleum has reached an agreement to cancel royalty payments from its flagship asset. Under the terms of the deal, the London-listed company has issued 46.6m shares in the company to Canamens Ltd and Sector Spesit IV, which will no longer receive future
Read moreRoxi Petroleum strikes oil interval at flagship well
30th Jun 2015 11:06
Roxi Petroleum reported progress at its flagship BNG asset as it posted an operational update. The Central Asian oil and gas company with a focus on Kazakhstan said that a gross oil-bearing interval of at least 105 metres, from 4,332 metres to 4,437 metres, was found at its Deep Well A5. The well,
Read moreRoxi gets three-year extension to drill BNG
25th Jun 2015 07:45
Oil and gas company Roxi Petroleum has been granted an extension for its licence in the BNG Contract Area in Western Kazakhstan. The extension is for another three years. In a statement Roxi said its focus would be to prove up the greatest amount of reserves consistent with avoiding unnecessary di
Read moreRoxi Petroleum swings to profit in 2014 on exceptionals
23rd Jun 2015 09:18
Oil and gas explorer Roxi Petroleum swung to an annual pre-tax profit in 2014, after reversing an impairment charge it booked in the previous year. The Kazakhstan-focused group posted a $20.1m pretax profit in 2014, compared with a $9m loss in 2013 on the back of the reversal of a $25m impairment ch
Read moreRoxi Petroleum receives first payment following sell of Galaz asset
19th Jun 2015 08:15
Oil and gas explorer Roxi Petroleum has received the first payment from the sale of its stake in the Galaz asset in Kazakhstan. In a statement released on Friday, the London-listed company said it had received the first $10.4m of the $23m it is owned following the sale of its 34.23% stake in the pro
Read moreRoxi Petroleum gets $6.9m loan repayment
12th Jun 2015 11:10
Roxi Petroleum said on Friday that it had received the $6.9m repayment of a loan that was part of the process of selling its equity and debt interest in the Galaz Contract Area to Xinjiang Zhundong Petroleum Technology. A payment of $27 million to Roxi's subsidiary Galaz Energy BV remains outstandin
Read moreRoxi Petroleum jumps on BNG asset update and Galaz sale
1st Jun 2015 10:22
Shares in Roxi Petroleum jumped 20% early on Monday, as the oil and gas explorer provided operations update at its flagship BNG asset. The Kazakhstan-focused group said that the blockage at the A5 discovery well on the project had been removed and the 30-day flow test was expected to begin in the mi
Read moreRoxi Petroleum enters $20m agreement with BOCO
17th Apr 2015 08:56
Oil and gas explorer Roxi Petroleum has entered a subscription agreement with Hong Kong-based BOCO limited to raise $20m at above the current market price. The London-listed group said the proceeds would be used to speed up the development of its flagship BNG asset. Under terms of the agreement, BO
Read moreRoxi Petroleum blames technical problems for possible project delays
1st Dec 2014 11:47
Oil & gas company Roxi Petroleum blamed technical problems for potential delays at a project in Kazakhstan, hitting its shares. Roxi said equipment had got stuck while it was removing drilling fluid from its A5 well on the BNG contract area in the west of Kazakhstan about 25 miles south-east of Teng
Read moreRoxi Petroleum shares slide after poor A5 well performance
15th Oct 2014 13:26
Central Asian oil and gas company Roxi Petroleum disappointed investors with news that its A5 discovery well had flowed for only short periods, which was not enough to gain a reliable measure on quantity. The AIM-listed group explained that while the oil recovered was of a good quality, it didn't co
Read moreRoxi Petroleum excited by BNG potential after positive drilling
1st Sep 2014 08:47
AIM-listed oil and gas group Roxi Petroleum has said that drilling and logging tests at the first well of its flagship BNG project in Kazakhstan have shown a bigger oil interval than previously thought. After three core samples of well A5, the thickness of the gross oil-bearing interval was estimat
Read moreFirst well at Roxi Petroleum's BNG project continues to yield results
19th Aug 2014 14:28
AIM-listed oil and gas group Roxi Petroleum has announced further positive results from drilling at its flagship BNG project in Kazakhstan. The third core sample of Well A5, the first deep well at BNG, showed the thickness of the gross oil-bearing interval extends to at least 51 metres between the
Read moreTuesday broker round-up
19th Aug 2014 09:19
Amlin: Deutsche Bank cuts target price from 472p to 461p and reiterates a hold recommendation. Anglo Pacific: FinnCap lowers target price from 184p to 180p retaining a hold recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1057p to 1063p and keeps a buy recommendation. Libe
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