Exploration Production KazMunayGas JSC (Kazakhstan) announced about holding of road-show for analysts and investors
26.11.07 16:43
/KASE, November 26, 07/ - Exploration Production KazMunayGas JSC
(Astana), shares of which are traded in Kazakhstan stock exchange's
(KASE) category "A" official list, had spread today the press-release in which
the following is informed:
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London, November 26, 2007. JSC KazMunaiGas Exploration Production
("KMG EP" or the "Company"), is today embarking on a series of analyst and
investor meetings, providing an update to the market on its current
operations and the Company's plans for the future. The management team
of KMG EP is lead by the Company's CEO Mr Askar Balzhanov.
The presentation given by management aims to provide a full update on
KMG EP's current operations. Management will present its strategy of
growing the Company's oil reserves, maintaining current levels of production
in existing fields, as well as optimising production costs.
The management team will also provide details regarding recent and
potential acquisitions. It has been agreed that KMG EP will receive an interim
dividend of US$300 million from Kazgermunai for the first 9 months of 2007.
A copy of the analyst presentation will be made available on the KMG EP
website at www.kmgep.kz.
NOTES TO EDITORS:
KMG EP is the 3d largest Kazakh oil and gas producing company with over
9.5 mmt (192 kbopd) of crude production in 2006 and 203.2 mmt (1.5 billion
bbl) of proved and probable reserves at the end of 2006. The Company's
shares are listed on Kazakhstan Stock Exchange and the GDRs are listed
on London Stock Exchange. The Company raised approximately US$2
billion in its IPO in September of 2006.
Contact information:
EP KMG JSC, Public relations (+7 7172 977908, +7 7172 977924)
Lyazzat Kokkozova
e-mail: pr@kmgep.kz
EP KMG JSC, Institutional investor relations (+7 7172 975433)
Alexander Gladyshev
e-mail: ir@kmgep.kz
WMC Communications Ltd (+44 207 930 9030)
Elena Dobson
e-mail: Elena.dobson@wmccommunications.com
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[2007-11-26]