Zhaikmunai (Kazakhstan) announced preliminary financial results of Zhaikmunai LP for 2012
21.02.13 15:21
/KASE, February 21, 13/ – Zhaikmunai (Uralsk), bonds of which are officially
listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following
press release of February 20, 2013:
quotation
Zhaikmunai L.P. (LSE: ZKM) (“Zhaikmunai”), the oil and gas exploration and
production enterprise with assets in north-western Kazakhstan, today issues
this financial update in respect of its financial results for the year ended
31st December 2012. This update is being issued in advance of the release of
its full-year audited and consolidated accounts, which is scheduled for the
week of March 18, 2013, as a consequence of certain regulatory requirements
in the Republic of Kazakhstan. The information contained in this update has
not yet been audited and remains subject to further review.
Zhaikmunai’s 2012 Headline Financials Forecast
Zhaikmunai is pleased to announce preliminary unaudited headline financials
for the year 2012. Based on an average total daily production of 36,940 boepd
in 2012, total revenue for the year is expected to be above US$ 700 million
and total EBITDA for the year is expected to be above US$ 400 million.
Following the successful completion of its second bond in November 2012,
Zhaikmunai ended the year with a total debt of approximately US$ 652.5 million
and a total cash position of above US$ 250 million.
Release of Zhaikmunai’s 2012 Full-Year Results
Zhaikmunai L.P. plans to release its audited consolidated accounts for the year
ended 31st December 2012 in the week of March 18, 2013. Zhaikmunai’s management
team will be available for analysts and investors for a Q&A session following
the release. Registration details for the conference call will be provided
well in advance of the scheduled release date.
Further information
For further information, please visit www.zhaikmunai.com
Further enquiries
Zhaikmunai LP – Investor Relations
Bruno Meere,
Kirsty Hamilton-Smith
investor_relations@zhaikmunai.com
+ 44 (0) 1624 68 21 79
Pelham Bell Pottinger
Philip Dennis
Elena Dobson
+ 44 (0) 207 861 32 32
ends
[2013-02-21]