/KASE, March 17, 08/ - Exploration Production KazMunayGas JSC
(Astana), shares of which are traded in Kazakhstan stock exchange's
(KASE) category "A" official list had spread the press-release, in which the
following is informed:
Quotation begin
Astana, March 17, 2008. JSC KazMunaiGas Exploration Production ("KMG
EP" or "the Company"), has released today its audited consolidated financial
results for the year ended 31 December 2007.
- 11.64% increase of crude oil production in comparison to year 2006,
including the Company's share in associates to more than 10,639 tons.
- 28% growth in net income to 157bn Tenge (US$ 1,282m)
- 17.9bn Tenge ($146m) increase in net income contributed from the
Company's 50% share of Kazgermunai.
Askar Balzhanov, the CEO of the Company, said: "The fact that KMG EP
achieved significant production and net income growth during 2007 is a
reflection of the success of the Company's ambitious acquisition strategy
combined with a technical operational programme implemented on the core
fields.
"The Company is confident of continuing this growth in future, through further
value-adding acquisitions, operational activities and an expanding
exploration programme."
Contact information:
EP KMG JSC, Public reelations (+7 7172 977 600, +7 7172 977 924)
Zukhra Sultanova
e-mail: pr@kmgep.kz
EP KMG JSC, Institution investors connection (+7 7172 975 433)
Alexander Gladyshev
e-mail: ir@kmgep.kz
WMC Communications Ltd/Pelham PR (+44 203 178 44 18)
Elena Dobson
e-mail: Elena.dobson@wmccommunications.com
Quotation end
The full version of the press release of Exploration Production
KazMunayGas JSC is available on the web site of KASE at
-
http://www.kase.kz/emitters/scan/rdgz/rdgz_reliz_170308k.pdf">
http://www.kase.kz/emitters/scan/rdgz/rdgz_reliz_170308k.pdf - in
Kazakh language;
-
http://www.kase.kz/emitters/scan/rdgz/rdgz_reliz_170308k.pdf">
http://www.kase.kz/emitters/scan/rdgz/rdgz_reliz_170308k.pdf - in
Russian language;
-
http://www.kase.kz/emitters/scan/rdgz/rdgz_reliz_170308e.pdf - in
English.
[2008-03-17]