Resources round-up: Roxi, Aurelian, SolGold and SacOil

Roxi Petroleum, a Central Asian oil and gas company, said drilling of the well NK7 Galaz contract area has reached a total depth of 1,360 metres and preliminary interpretation indicates that the well encountered oil bearing zones. Once the evaluation work led by its partners is complete, perforation intervals will be selected and testing will be carried out by work-over rig.

Roxi Petroleum, a Central Asian oil and gas company, said drilling of the well NK7 Galaz contract area has reached a total depth of 1,360 metres and preliminary interpretation indicates that the well encountered oil bearing zones. Once the evaluation work led by its partners is complete, perforation intervals will be selected and testing will be carried out by work-over rig.

Aurelian Oil & Gas has released a competent person's report on the hydrocarbon sites in Poland, Romania and Slovakia in which it has an interest. At Siekierki in Poland, where the company holds a 90% net working interest, contingent resources are estimated at 71.4bn cubic feet (cf) net to Aurelian on the low estimate category. The highest estimate is 1,028bn cf net to the company. Across all three projects, a proven 36.5bn standard cf of gas are attributable net to Aurelian, 142.2bn scf are probable and 415.7bn scf are possible. A proven 2.5m barrels of oil and liquids are proven, 9.5m are probable and 27.8m are possible. Aurelian's contingent resources post tax are valued as €364m.

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