27th Apr 2007 07:45
JSC KazMunaiGas Exploration Prod27 April 2007 JSC KazMunaiGas Exploration Production Reports Production in Q1, 2007 Astana, 27 April 2007. JSC KazMunaiGas Exploration Production (KMG EP or theCompany), announced today that for the period from January to March 2007, theCompany produced 2,293 thousand tonnes of oil and gas condensate. This is 12thousand tonnes more than in the similar period of 2006. In the first quarter of 2007, the Company supplied 2,263 thousand tones of crudeoil to the customers including 1,808 thousand tones supplied to export markets,7% more than in the first quarter of 2006. Notes to Editors JSC KazMunaiGas Exploration Production, headquartered in Astana, is the 3rdlargest Kazakh oil and gas producing company with over 9.5mmt/year (192 kbopd)of crude production in 2006. The Company extracts hydrocarbon resources from 44oil and gas fields located in the Atyrau and Mangistau regions in westernKazakhstan and is also engaged in onshore exploration activities, concentratedin the same areas. The Company's shares are listed on Kazakhstan Stock Exchangeand the GDRs are listed in London. The Company raised approximately US$2bn inits IPO in September of 2006. Contact information: KMG EP, Public Relations (+7 317 2 977 908, +7 3172 977 924) Ms. Lyazzat Kokkozova E-mail: [email protected] KMG EP, Investor Relations (+7 3172 975433) Mr. 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