/KASE, October 9, 08/ - KazMunaiGas Exploration Production (Astana),
shares of which are traded in the official list of Kazakhstan Stock Exchange
(KASE) of the first category spread the press release of October 9, 2008:
Quotation start
JSC KazMunaiGas Exploration Production ("the Company" or "KMG EP") held a
meeting of the Board of Directors today at which the new Chairman of the Board
of Directors was elected and certain changes in the Management Board were
approved.
Mr. K.Kabyldin, President of JSC National Company KazMunayGas ("NC KMG")
was elected as the Chairman of the Board of Directors of KMG EP.
Following management changes at "Ozenmunaigas", KMG EP's production
division, Mr. M. Kurbanbayev has stepped down as a member of the
Management Board. He is replaced by Mr. K.Eleusinov, Director of
"Ozenmunaigas", who has been appointed as a new member to the
Management Board.
The Board also reviewed the preliminary results of financial and operating
activities for the first 9 months of 2008. According to the preliminary data,
the Company has produced 8 908 thousand tonnes of crude oil (238.71 thousand
barrels per day), broadly in line with the annual production plan. This includes
production of 1 166 thousand tonnes (32.43 thousand barrels per day) from the
Kazgermunai fields and 672 thousand tonnes (16.39 thousand barrels per day)
from Karazhanbasmunai.
The Board approved certain proposed changes to the Company's Charter to be
put on the agenda of the next extraordinary General Shareholders Meeting on
the 9th of December, 2008, and reviewed other issues.
Contact information:
EP KMG, Public Relations (+7 7172 97 7600)
Mikhail Dorofeev
e-mail: pr@kmgep.kz
EP KMG, Institutional Investors Relations (+7 7172 97 7971)
Assel Kapieva
e-mail: ir@kmgep.kz
Pelham PR (+44 203 178 44 18)
Elena Dobson
e-mail: Elena.dobson@pelhampr.com
Quotation end
The full version of the press release of KazMunaiGas Exploration Production
JSC is available at the KASE website at:
-
http://www.kase.kz/emitters/scan/rdgz/rdgz_reliz_SD091008.pdf - in Kazakh
and Russian;
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http://www.kase.kz/emitters/scan/rdgz/rdgz_reliz_SD091008e.pdf - in
English.
[2008-10-09]