/KASE, January 28, 15/ – Zhaikmunai (Oral), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press-release:
quote
Zhaikmunai LLP, subsidiary of Nostrum Oil & Gas PLC ("Company" and jointly
with subsidiaries "Group"), an independent oil and gas company engaging in
the production, development and exploration of oil and gas in the Caspian
Basin, today announces its operational update for the Fourth Quarter and Full
Year ended 31 December 2014. This update is being issued in advance of the
release of its audited and consolidated accounts for the same period. The
information contained in this update remains subject to review by the
independent auditors.
- Highlights:
- Financial
- Revenue expected to be in excess of US$770m
- Cash position in excess of US$400m (including short-term deposits) and net
debt of approximately US$560m
- Fully funded capex programme both to maintain current production in 2015
and 2016 and complete construction of the GTU3 in 2016 at a breakeven oil
price of US$31
- 32% of liquids production (7,500 bopd) hedged at US$85 until February 2016
- unquote
The full press-release is available on KASE website in Russian at
http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_280115.pdf
[2015-01-28]