Overview of key developments from analysts "Asyl Invest JSC" (Kazakhstan) on April 12, 2010

/IRBIS April 12, 2010/ - "ASYL INVEST JSC" (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on April 12, 2010. Analysts "ASYL INVEST" JSC identify the following significant developments in the markets: - Zhaikmunai published audited financial results for the year 2009. The company in 2009 was a net loss of $ 18.8 million compared with net income of $ 62.5 million received in 2008. Reduction of the net profit was due to loss as a result of the contract for hedging of $ 9.31 million, sold in March 2009. The company's sales in 2009 declined by 15% compared with 2008 and totaled $ 116 million EBITDA and net cash flow from operating activities increased slightly, from $ 57.15 million and $ 45.93 million, up to $ 58.86 and $ 45.93 million, respectively. Operational performance of the company grew in 2009 due to commissioning of 4 new wells. Oil production in 2009 rose to 2,698 million barrels, which is 46% higher in comparison with 2008. Publish the results of the opinion of the "ASYL INVEST" JSC, neutral for the company's shares. Analysts "ASYL INVEST'" JSC assess further company's plans in a positive way which plans to start selling gas and gas condensate, which can increase the value of the company. - Tethys Petroleum presented the Financial Results under IFRS for the year 2009. The company in 2009 had a net loss of $ 21.506 million compared with a net loss of $ 22.184 million in 2008. Revenues from sales of oil and gas in 2009 amounted to $ 8.59 million ($ 5.36 million in 2008). Capital expenditures in 2009 totaled $ 32.221 million compared with $ 42.807 million in 2008. Operating costs for 2009 increased to $ 3,405 million, compared with $ 1.334 million for 2008 as a result of additional operating costs for the acquisition of Uzbekistan. General and administrative expenses for 2009 totaled $ 16.880 million, compared with $ 17.915 million for 2008. The company's shares during the tender 09.04.2010 at Toronto Stock Exchange fell by 3.59%. The published results of the analysts "ASYL INVEST" JSC considered neutral for the issuer's shares. - Centerra Gold and Kentor Gold: The new authorities in Kyrgyzstan have taken full control of finances in a country that shares Centerra Gold which rose on Friday up to 0.62% trades in shares of Kentor Gold that is resumed. Centerra Gold shares lost for more than 5% on the background of the tense political situation in Kyrgyzstan on Thursday. But on Friday, it became known that the authorities of Kyrgyzstan took control of the situation in the country. The opposition coalition declared the new interim government in the country, resulting in riots killed dozens of people. Meanwhile, the company reported that production at the fields in the Kumtor not affected. Kyrgyzaltyn Company,which is publicly-owned, acquired 1 / 3 shares of Centerra Gold, after the company Cameco has implemented its share. Bidding on the shares Kentor Gold resumed. The company reported that work on the project Andash conducted without interruption, the situation is under control and all the staff and company assets in order. According to the "ASYL INVEST" JSC despite the stabilization of political situation in Kyrgyzstan, political risks remain. Do not know future attitude of the new government to foreign companies, because the main demand of the opposition due to the return of a number of large enterprises and facilities of the country under government control. Consequences of changes of power for gold mining business companies are not yet known. This material is for informational purposes and is not an offer or recommendation to perform any transaction in securities. Agency IRBIS is not responsible for the opinions expressed in this material. [2010-04-12]