Zhaikmunai (Kazakhstan) announced Zhaikmunai LP Y2012 operation results

06.02.13 15:34
/KASE, February 6, 13/ - Zhaikmunai (Uralsk), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of January 30, 2013: quotation Douglas, Isle of Man - 30 January, 2013: Zhaikmunai L.P. (LSE:ZKM) ("Zhaikmunai") issues the following Operational Update summarizing key activities since the Q3 2012 Interim Results and Update on 21 November 2012. KEY HIGHLIGHTS Zhaikmunai's total average daily production has been approximately 46,500 boepd since January 21, 2013. This is a result of tying in 3 additional gas condensate wells between the end of 2012 and the beginning of 2013 and bringing them towards full production over the first few weeks of the year. Zhaikmunai is especially pleased with the results from the Devonian gas condensate well #217 detailed below; Fourth quarter total average daily production (Q4) averaged 37,184 boepd, taking into account Zhaikmunai's two-week annual maintenance shutdown of the GTF (Gas Treatment Facility) during October 2012. In 2012, total daily production averaged 36,940 boepd. In 2013, total average daily production is expected to be in excess of 45,000 boepd and Zhaikmunai plans to more than double this total average daily production volume over the next 3-year period with the increased gas processing capability of the planned third GTF train. Drilling plans over the next 12 months include 15 - 17 wells, 9 of which will be appraisal wells, 1 exploration well and 5 - 7 production wells; ends The press release full version is available on KASE website at: - http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_300113.pdf - in Russian; - http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_300113_e.pdf - in English. [2013-02-06]