17th Sep 2007 12:00
JSC KazMunaiGas Exploration Prod17 September 2007 PRESS - RELEASE A visiting session of the Board of Directors of KazMunaiGas Exploration Production JSC was held Astana, September 17, 2007, JSC KazMunaiGas Exploration Production ("KMG EP" or"the Company") held a visiting session of the Board of Directors at Zhanaozen. The Board of Directors of KMG EP has reviewed and endorsed the amended versionsof the Charter, the Corporate Governance Code and the By-laws on the Board ofDirectors of KMG EP. The update of these documents was caused by amendments in the legislation of theRepublic of Kazakhstan as well as by the requirements to introduce draftingamendments. Also, the Board of Directors has reviewed and approved the establishment of theStrategy Planning Committee and the composition thereof. The Board of Directors of KMG EP has submitted the amended versions of theCharter, the Corporate Governance Code and the By-laws on the Board of Directorsfor approval at the extraordinary meeting of shareholders to be held in Astanaon October 30, 2007. NOTE: KMG EP was the 3rd largest Kazakh oil and gas producing company with over 9.5mmt (192 kbopd) of crude production in 2006 and 203.2 mmt (1.5 billion bbl) ofproved and probable reserves at the end of 2006. The Company's shares are listedon Kazakhstan Stock Exchange and the GDRs are listed on London Stock Exchange.The Company raised approximately US$2 billion in its IPO in September of 2006. For further details please contact us at: KMG EP, Public Relations (+7 717 2 977 908, +7 7172 977 924) Lyazzat Kokkozova E-mail: [email protected] KMG EP, Investor Relations (+7 7172 975433) Alexander Gladyshev E-mail: [email protected] WMC Communications Ltd (+44 207 930 9030) Elena Dobson E-mail: [email protected] Forward-looking statements This document includes statements that are, or may be deemed to be, ''forward-looking statements''. These forward-looking statements can be identifiedby the use of forward-looking terminology, including, but not limited to, theterms ''believes'', ''estimates'', ''anticipates'', ''expects'', ''intends'', ''may'', ''target'', ''will'', or ''should'' or, in each case, their negative orother variations or comparable terminology, or by discussions of strategy,plans, objectives, goals, future events or intentions. These forward-lookingstatements include all matters that are not historical facts. They include, butare not limited to, statements regarding the Company's intentions, beliefs andstatements of current expectations concerning, amongst other things, theCompany's results of operations, financial condition, liquidity, prospects,growth, potential acquisitions, strategies and as to the industries in which theCompany operates. By their nature, forward-looking statements involve risk anduncertainty because they relate to future events and circumstances that may ormay not occur. Forward-looking statements are not guarantees of futureperformance and the actual results of the Company's operations, financialcondition and liquidity and the development of the country and the industries inwhich the Company operates may differ materially from those described in, orsuggested by, the forward-looking statements contained in this document. TheCompany does not intend, and does not assume any obligation, to update or reviseany forward-looking statements or industry information set out in this document,whether as a result of new information, future events or otherwise. The Companydoes not make any representation, warranty or prediction that the resultsanticipated by such forward-looking statements will be achieved. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Kazmunaigaz Exploration