/KASE, August 29, 12/ - Zhaikmunai (Uralsk), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of August 29, 2012:

quotation

Zhaikmunai LP (LSE: ZKM), the oil and gas exploration and production enterprise with assets in north-western Kazakhstan today details the continued financial and operational progress made over the period from1 January to 30 June 2012.

HIGHLIGHTS

• Production: July 2012 average total daily production amounted to 40,036 boepd, an increase of 20.2 % compared to Q1 2012 (33,310 boepd);
• Production: Q2 2012 average total daily production amounted to 37,285 boepd, representing a close to three-fold increase compared with Q2 2011 (12,673 boepd);
• Production: H1 2012 average total daily production amounted to 35,298 boepd, representing a 263% production growth between H1 2011 and H1 2012;
• Drilling: During H1 2012, a total of 2 gas-condensate wells (# 401 and # 218) have been drilled and tied-in to the GTF and a total of 4 new crude oil wells (# 24b, # 116, # 67 and # 45) have been drilled, with 3 currently producing and 1 in test production (# 45 with commercial inflow of crude oil from the Bashkirian Reservoir).

ends

The press release full version is available on KASE website at:

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

[2012-08-29]