Zhaikmunai (Kazakhstan) announces crude oil production increase to 1,184 bopd at well # 24

07.06.12 14:57
/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: - http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_060612.pdf - in Russian; - http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_060612_e.pdf - in English. [2012-06-07]