/KASE, May 23, 12/ - Zhaikmunai (Uralsk), bonds of which are officially
listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following
press release of May 23, 2012:
quotation
Zhaikmunai LP (LSE: ZKM), the oil and gas exploration and production enterprise
with assets in north-western Kazakhstan today communicates its financial results
for the period from 1 January to 31 March 2012 in addition to providing an update
on its operations.
HIGHLIGHTS FROM A RECORD FIRST QUARTER
Production:
- More than five-fold YoY increase to 3,053,210 boe total
- Average Q1 2012 daily production of 33,552 boepd
- Average April 2012 daily production of 37,237 boepd
Financial:
- Close to four-fold YoY increase in EBITDA to US$110.9 million
- Over four-fold YoY increase in Net Income to US$ 48.4 million
- Over three-fold YoY increase in Revenue to US$163.4 million
- Further strengthening of the Balance Sheet to US$144.3 million in cash
Targets for Q2 and 2012:
- Connection of one further gas condensate well (Well #218) to continue
bringing GTF to full design capacity in Q2
- Connection of two crude oil wells (Wells #116 and #67) to bring crude oil
production above 7,500 boepd in Q2
- Drilling of 11 new wells in the course of 2012
ends
The press release full version is available on KASE website at:
-
http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_230512.pdf - in
Russian;
-
http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_230512_e.pdf - in
English.
[2012-05-23]