/KASE, November 20, 08/ - KazMunaiGas Exploration Production (Astana),
shares of which are traded in Kazakhstan Stock Exchange (KASE) first category
official list, disseminated the press release on the following.
Quotation start
KazMunaiGas Exploration Production ("KMG EP" or "the Company"), today
released its unaudited, consolidated interim financial results for the 9 months of
2008.
- An increase of crude oil production, including the Company's share in
production of JV Kazgermunai LLP ("Kazgermunai") and CCEL
("Karazhanbasmunai") by 15% to 8,909 thousand tonnes in the first 9 months
of 2008
- 111% growth in net income to 218.5bn Tenge (US$1,816m) and an increase
in earnings per share for the same period from 1,398 Tenge (US$1.93 per
GDR) to 2,950 Tenge (US$3.98 per GDR)
- 40.3bn Tenge ($335m) contribution to the 9 months net income from the
Company's 50% interest in Kazgermunai and CCEL
Commenting on the financial results for the 9 months of 2008, Askar Balzhanov,
CEO of KMG EP, said: "The achieved results demonstrate the Company's
effectiveness and confirm its strong financial position which becomes an
important advantage at the time of global financial crisis and lower oil prices".
Contact information:
EP KMG, Public Relations (+7 7172 97 7600)
Michael Dorofeyv
e-mail: pr@kmgep.kz
EP KMG, Institutional Investors Relations (+7 7172 97 7971)
Assel Kalieva
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 KazMunaiGas Exploration Production press release is
available on KASE website at:
-
http://www.kase.kz/files/emitters/RDGZ/rdgz_reliz_201108.pdf - in Russian
and Kazakh;
-
http://www.kase.kz/files/emitters/RDGZ/rdgz_reliz_201108e.pdf - in English.
[2008-11-20]