Zhaikmunai (Kazakhstan) receives statement of claim for KZT1.8 bn damage compensation for burning of associated gas without permit

/KASE, April 16, 13/ – LLP "Zhaikmunai" (Oral), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote On April 11, 2013 LLP "Zhaikmunai" received a statement of claim from GU "West-Kazakhstan inter-regional Department of geology and subsoil use of the Committee on geology and subsoil use of the Ministry of Industry and New Technologies of the Republic of Kazakhstan "Zapkaznedra", wherein they request the court to recover from LLP "Zhaikmunai" damages to the amount of KZT1,758,171,972 for burning as much as 30,895.72 cubic meters of associated gas without permit. The management believes this claim is unjustified and unable to affect investors' interests. unquote [2013-04-16]