UK’s Roxi doubles up with Kazakh subsalt find

摘要

London—British minnow Roxi Petroleum sparked investor interest Wednesday after its patience exploring a trouble-prone, subsalt prospect onshore Kazakhstan paid off. Roxi’s shares soared in London to more than double their value after the company announced oil and gas shows at its first subsalt well at its flagship asset in western Kazakhstan. The A5 exploration well, which has taken a year to complete, drilled through a 250 meter salt cap to test target rocks lying 4,332 meters deep.