Roxi gets three-year extension to drill BNG

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 dilution to Roxi shareholders.

Roxi chairman Clive Carver said the extension enabled the firm to maximise the reserves by continued drilling and independent assessment.

Roxi shares were up 2.6% at 15.14p by 08:21.