Resources round-up: Roxi, Matra, Alexander

Also included in this round-up: Forte Energy

Kazakhstan-focused Roxi Petroleum saw its shares dive after it revealed that well NK-10 in its Galaz contract area has a high water content with only minor gas and oil film shows. The well, which was drilled late last year, will now be plugged and abandoned. The exploration and appraisal work being carried out on the NW Konys field will continue with production from the Galaz contract area currently running at the rate of 160 barrels of oil per day, the firm said.

Matra Petroleum, an oil and gas company, has entered into an agreement with Maxin Barskiy, under which he will become a strategic investor and a non-executive director of the company, enabling the company to made a number of new project acquisitions. Barskiy will subscribe for a placing of 575m new ordinary shares at 0.8p per share, raising £4.6m before expenses. Following the placing he will hold about 29.8% of the company. The agreement is subject to shareholder approval.

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