Lancaster Petroleum (Kazakhstan) sold for KZT24.7 bn (USD163.8 m) on KASE August 27

28.08.09 17:42
/KASE, August 28, 09/ - A large deal was concluded in July-1-offered common shares (1,304,563 shares) of Lancaster Petroleum (Aktobe) on Kazakhstan Stock Exchange (KASE) August 27, 2009. The amount of the transaction is KZT24,692.8 m (USD163,778.2 th). The volume of this transaction exceeds aggregate share turnover in purchase and sale sector in the period May-July 2009. The previous record for daily transaction volume in purchase and sale sector in 2009 was fixed on KASE on February 16 when a series of seven deals was made to re-purchase 879,369 common shares KZ1C49620012 (trade code - aSHUK) of Shubarkol komir (Karaganda) for a total of KZT29,822.0 m (USD200.0 m). Common shares KZ1C51440010 (ticker - LNPT) of Lancaster Petroleum were listed on KASE in the third category December 3, 2008. Trade therein was opened August 27, 2009. Lancaster Petroleum is mainly engaged in exploration, mining and sales of hydrocarbons and was founded as a result of merger between Kazakhstan Aktobe-based Kokzhide Munay, Kusay Munay and Martuk Munay. The company is the only operator at oil fields Kokzhide, Kusay and Martuk. The company is exploring oil and gas at Karlovskiy Severniy area in West Kazakhstan. Details are available at the KASE website at: http://www.kase.kz/ru/emitters/show/lnpt [2009-08-28]