Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, has announced a reserves update as at 31 December 2015 of BNG's South Yelemes fields.
The update covers the company's shallow fields at its BNG asset and does not include its deeper prospects that are subject to drilling at its wells A5, A6 and 801.
Roxi says Gaffney, Cline & Associates has conducted an independent audit examination, as of 31 December, 2015, of the crude oil reserves of BNG's South Yelemes fields.
The South Yelemes fields consist of two independent hydrocarbon accumulations (southeast and northwest).
The fields are currently in a pilot stage of production (post salt reservoirs only) and appraisal testing and are currently producing around 600 - 800 bopd. Roxi has confirmed to GCA that the current obligations under the assessment licence have been fulfilled (due to expire in 2018) and a full 25-year production licence is expected to be awarded, running till 2043.
At 4:09pm: (LON:RXP) Roxi Petroleum PLC share price was +0.75p at 10.75p