Roxi Petroleum Kazakhstan

Roxi Petroleum was admitted to the London Stock Exchange AIM on 22 May 2007 with intent to acquire controlling interests in and develop oil and gas assets in Central Asia. Roxi's strategy is to target oil discoveries and mature exploration acreage which have reserves and production upside. This strategy has allowed the Company to rapidly acquire a number of excellent exploration and development assets in Western and Central Kazakhstan, covering a combined area of 1,880 km2. These assets have, upon acquisition, significant reserves under the Kazakh Government's reserve classifications of C1+C2+C3. It is Roxi's strategy to use available modern technology to move the reserves from the current classifications to internationally recognized SPE classifications recognized by the AIM and other financial markets. Roxi will also add further value to the assets by bringing these reserves into production. The Company's senior management team is based in the main office in Almaty in Kazakhstan, supported by a team of skilled local staff. The management have significant experience in the region and industry having worked across a diversified number of countries and climates including Kazakhstan. The company has a head office in London, and subsidiary offices in Aktau, Kyzylorda, and Atyrau, Kazakhstan.