Trading volumes in Roxi Petroleum (AIM:RXP) have risen sharply in recent days along with the share price. From prior company announcements, here is a list of news items that maybe in the pipeline:
1) Ravninnoe Well #20 test result (expected March 2010 per Oil Barrel Conference)
2) Galaz NK22 test result (ought to be imminent as discovery was announced on 18Feb 2010)
3) South Yelemes re-perforation of Well G-54 result (they were preparing to perforate on 3 Feb 2010)
4) Spudding of first new well on South Yelemes (a rig had been mobilised on 3 February 2010)
5) Canamens exercising their option (or not) over a further %-age of BNG (due by 31 March 2010)
6) Repayment (or not) of Arawak Energy (now known as Altius Energy) loan(s) - decision due by 31 March 2010.
7) Further exercise (or not) of Arawak (now known as Altius Energy) warrants (the exercise price rises to 15p after 31 March 2010)
8) Commencement of Galaz production (approval should be granted before end April 2010)
9) Commencement of Galaz development programme (deal with LG announced on 10 Feb 2010; awaiting regulatory approval)
10) Lifting of Beibars military polygon (or not), and maybe a farm-in? (timing of lifting of the military polygon is unknown at present)
11) Forward drilling plan for Ravninnoe (probably dependent upon Well #20 test result)
12) Volumetrics and forward drilling plan for BNG (At Oil Barrel, the expectation was set of some news on this by mid-2010 in the form of a Competent Persons Report or CPR)
Don't forget to do your own research.
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