23rd Jan 2008 14:03
JSC KazMunaiGas Exploration Prod23 January 2008 PRESS-RELEASE Extraordinary General Meeting of JSC KazMunaiGas Exploration Production takes place Astana, January 23, 2008, JSC KazMunaiGas Exploration Production, ("KMG EP" orthe "Company") today held an extraordinary general meeting ("EGM") in Astana. The EGM has reviewed and approved the Share Dealing Policy of KMG EP thatdetermines the procedure for evaluation of shares (as well as depositaryreceipts certifying the ownership right for certain amount of shares) at theirrepurchase by the Company. A new member, Zh. Satubaldina, Managing Director for Economics and Finance ofJSC National Company KazMunaiGas was elected to the Board due to the earlytermination of powers of the Board member A. Syrgabekova. - ENDS - Notes to editors: Zhannat Satubaldina graduated from Almaty National Economy Institutespecializing in industry planning. She holds a Ph. D. in Economics from MoscowSate University, and completed a course at New York Institute of Financespecializing in asset management. Over the last four years, Zhannat Satubaldina has worked as Vice President ofNational Company Kazakhstan Temir Zholy JSC, Managing Director for Finance, thenas Deputy General Director for Economics and Finance of KazTransOil JSC. KMG EP is the 2nd largest Kazakh oil producing company with over 10.6 mmt (217kbopd) of crude production in 2007 including interests in Kazgermunai and CCEL(Karazhanbasmunai); and at the end of 2006 it had 203.2 mmt (1.5 billion bbl) ofproved and probable reserves. The Company's shares are listed on KazakhstanStock Exchange and the GDRs are listed on London Stock Exchange. The Companyraised approximately US$2 billion in its IPO in September of 2006. Contact information: KMG EP, Public Relations (+7 3172 977908, +7 3172 977924)Lyazzat Kokkozovae-mail: [email protected] KMG EP, Institutional Investor Relations (+7 3172 975433)Alexander Gladysheve-mail: [email protected] WMC Communications Ltd/Pelham PR (+44 203 178 44 18)Elena Dobsone-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