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.