Update on the sale of Galaz

RNS Number : 6245Q

Roxi Petroleum Plc

19 June 2015

 

Roxi Petroleum PLC

("Roxi" or the "Company")

Sale of Galaz

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of the sale of Galaz.

Further to the announcement of 12 June 2015, Roxi confirms that to date $10.4 million of the $23 million attributable to Roxi has been received and will be used to further develop the Company's flagship BNG asset.

Further announcements on receipts of Galaz proceeds will be made in due course.

Ends

Enquiries:

Roxi Petroleum PLC                                                  Clive Carver, Chairman

[phone]

WH Ireland Ltd                                                         James Joyce / James Bavister

[phone]

 

END

 

 

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