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Roxi Petroleum: NW Konys Pilot Production Gas Flaring Consent Update

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that it has been advised by the Ministry of Oil & Gas of the Republic of Kazakhstan that its operating Company, Galaz and Company LLP, (“Galaz”) has received approval for gas flaring for the period 2012 to 2014, which is the final regulatory consent needed before pilot production can commence on its NW Konys Field.

Roxi now expects Well NK 4 & NK 6 will be put into pilot production in the first quarter 2012.

David Wilkes, CEO commented

“We and our partner LGI are now in a position to commence pilot production from two of our wells on NW Konys and at the same time will test the outcome of wells NK 9 and NK 10 in early in 2012.”

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