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JSC KazMunaiGas Exp (KMG)

JSC KazMunaiGas Exp

KMG EP operating results for 2012
RNS Number : 0670W
JSC KazMunaiGas Exploration Prod
22 January 2013






KMG EP announces operating results for the full year of 2012


Astana, 22 January, 2013. JSC KazMunaiGas Exploration Production ("KMG EP" or "the Company") announces that in 2012 it produced 12,191 thousand tonnes of crude oil (247 kbopd), including the Company's stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI) which is 150 thousand tonnes or 1% less than in 2011.

JSC Uzenmunaigas (UMG) produced 4,950 thousand tonnes (100 kbopd), which is 131 thousand tonnes less than in 2011. JSC Embamunaigas (EMG) produced 2,816 thousand tonnes (57 kbopd), same as in 2011. The total volume of the oil produced at UMG and EMG is 7,766 thousand tonnes of oil (156 kbopd).

The Company's share in the production from KGM, CCEL and PKI for 2012 amounted to 4,425 thousand tonnes of crude oil (90 kbopd), about the same as in 2011 and in accordance with production plans for these companies.

In 2012 the Company's export and domestic sales from the UMG and EMG were 6,091 thousand tonnes (122 kbopd) and 1,646 thousand tonnes (33 kbopd) respectively. The Company's share in the sales from KGM, CCEL and PKI was 4,410 thousand tonnes of crude oil (92 kbopd), including 3,428 thousand tonnes (71 kbopd) or 78% of total sales supplied to export markets.




KMG EP is among the top three Kazakh oil and gas producers. The overall production in 2012 was 12.2mt (an average of 247 kbopd) of crude oil, including the Company's share in Kazgermunai, CCEL and PKI. The total volume of proved and probable reserves, as at the end of 2011 was 226mt (1.7bn bbl), including shares in the associates of about 2.1 bn barrels. The Company's shares are listed on the Kazakhstan Stock Exchange and the GDRs are listed on The London Stock Exchange. The Company raised over US$2bn in its IPO in September 2006. The International rating agency Standard & Poor's (S&P) confirmed KMG EP's "BBB-" corporate credit rating in December 2011.



For further details please contact us at:

«KMG EP». Investor Relations (+7 7172 97 5433)

Asel Kaliyeva



«KMG EP». Public Relations (+7 7172 97 7915)

Zhanna Oyshybaeva




Forward-looking statements

This document includes statements that are, or may be deemed to be, ''forward-looking statements''. These forward-looking statements can be identified by the use of forward-looking terminology including, but not limited to, the terms ''believes'', ''estimates'', ''anticipates'', ''expects'', ''intends'', ''may'', ''target'', ''will'', or ''should'' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They include, but are not limited to, statements regarding the Company's intentions, beliefs and statements of current expectations concerning, amongst other things, the Company's results of operations, financial condition, liquidity, prospects, growth, potential acquisitions, strategies and as to the industries in which the Company operates. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may or may not occur. Forward-looking statements are not guarantees of future performance and the actual results of the Company's operations, financial condition and liquidity and the development of the country and the industries in which the Company operates may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. The Company does not intend, and does not assume any obligation, to update or revise any forward-looking statements or industry information set out in this document, whether as a result of new information, future events or otherwise. The Company does not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved.

This information is provided by RNS
The company news service from the London Stock Exchange
Data provided by FE. Care has been taken to ensure that the information is correct, but FE neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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