Roxi Petroleum waiting for KNOC farm-out approval

    Roxi Petroleum yesterday put out its 1H2012 results. With sales of oil under test production, Roxi recognised no gross profit. Operating expenses of US $4.5m were significantly below Visor’s estimates of US $15.5m.     Visor Capital notes that ca. US $11.0m assumed as expensed capex with several exploration wells proved to...