/KASE, November 28, 11/ - LLP Zhaikmunai (Uralsk), whose bonds are officially
listed at Kazakhstan Stock Exchange (KASE), provided today to KASE the following
communique:
quote
Zhaikmunai LP (LSE: ZKM) ("Zhaikmunai"), the oil and gas exploration and
production enterprise based in north-western Kazakhstan, today releases its
financial results for the three and first nine months ended 30 September 2011.
In addition, it concludes the first phase of its development programme with the
end of test production from its Gas Treatment Facility (GTF) and the continued
ramp-up in production outlined in the operational update below.
THIRD QUARTER (Q3) 2011 SUMMARY
All figures in US$ millions, unless otherwise stated
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Q3 2011 Q3 2010 Change YoY
---------------------------------------- ------- ------- ----------
Revenue 63.693 53.126 + 19.9%
Earnings before tax, interest, 41.434 27.389 + 51.3%
depreciation and amortization
Net income 18.465 10.636 + 73.6%
Production (boepd) 17,464 8,972 + 94.7%
Net Debt 297.305 303.308 - 2.0%
Average realized oil price 114.78 78.64 + 46.0%
(US$ per bbl)
Discount (US$ per bbl) 15.78 12.24 + 28.9%
Weighted average netback (US$) 99.00 66.40 + 49.1%
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Zhaikmunai presents positive third quarter results combined with the completion
of the first phase of development as stable production is reached by its GTF.
Financial and operational indicators show a strong upward trend in relation to
third quarter 2010 results. GTF testing resulted in production growth of over
94% over the period. In addition, revenues, EBITDA and net income grew by
approximately 20%, 52% and 74% respectively. Near capacity production of the
GTF is expected to further enhance these results into the future.
unquote
The full version of the press-release is available on KASE website, at:
-
http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_281111.pdf - in Russian;
-
http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_281111_e.pdf - in English.
[2011-11-28]