/KASE, June 7, 12/ - LLP "Zhaikmunai" (Uralsk), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of June 6, 2012:

quote

CRUDE OIL PRODUCTION RATES OF 1,184 BARRELS OF OIL PER DAY FROM WELL #24 EXCEED EXPECTATIONS

Zhaikmunai LP (LSE: ZKM), the oil and gas exploration and production enterprise, is pleased to announce production rates of 1,184 barrels of crude oil from Well #24. These production rates exceeded expectations by 50%. Well #24 is located in the north-eastern part of its Chinarevskoye field in Kazakhstan and is currently characterised as follows:

• Formation: Lower Carboniferous Tournaisian carbonate
• Initial production rates (at wellhead pressure of 26 bars and at choke size of 18mm):

- Crude oil: 1,184 barrels of oil per day

- Associated gas: 89,285 cubic meters per day

unquote

The full press-release is available on KASE website:

• see more - in Russian;
• see more - in English.

[2012-06-07]