Roxi Petroleum produces oil at the Galaz field

Kazakhstan-focused Roxi Petroleum yesterday said oil had flowed from one of its wells on the Galaz block in the Middle Eastern country. The firm said oil flowed at the rate of 199 barrels of oil a day, and that it could be ramped up to 392 barrels a day, it said during the tests. Roxi said it will put the well into production in early September. Shares in Aim-listed Roxi closed up 4.2 per cent at 3.12p in trading yesterday.