/KASE, April 30, 15/ – Zhaikmunai (Oral), whose bonds are officially listed on
Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press-release:
quote
Zhaikmunai LLP, a subsidiary of Nostrum Oil & Gas PLC (“the Company” and
together with its subsidiaries “the Group”), an independent oil and gas company
engaging in the production, development and exploration of oil and gas in the
pre-Caspian Basin, today announces its operational update for the Quarter
ended 31 March 2015. This update is being issued in advance of the release of
its audited and consolidated accounts for the same period, which will be
released by 28 May 2015. The information contained in this update remains
subject to review by the independent auditors.
Highlights:
Financial
- Revenue expected to be in excess of US$ 100m
- Cash position in excess of US$300m (including short-term deposits) and
net debt of approximately US$632m
- Fully funded capex programme both to maintain current production in
2015 and 2016 and complete construction of GTU3 in 2016 at a
breakeven oil price of US$31
- 32% of liquids production (7,500 bopd) hedged at US$85 until February
2016
unquote
The full press-release is available on KASE website at
-
http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_300415.pdf – in
Russian;
-
http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_300415_en.pdf – in
English.
[2015-04-30]