/KASE, December 4, 2017/ – KazMunaiGas Exploration Production (Astana), whose
shares are officially listed on Kazakhstan Stock Exchange (KASE), has informed
KASE of the following:
quote
JSC KazMunaiGas Exploration Production ("KMG EP" or the "Company") announces that
its Board of Directors ("the Board") has approved the Company's 2018 budget and
2018-2022 business plan. KMG EP's Independent Directors abstained from voting
on approval of the 2018 budget and 2018-2022 business plan.
The budget for 2018 assumes a Brent price of US$55 per barrel and an exchange
rate of 340 Tenge per US dollar.
The Company is planning free cash flows to be positive in the 2018-2022 period
mainly due to the continued success of the independent crude oil processing
scheme, partially offset by increased capital expenditures.
The Company's budget may be revised subject to material changes of the
macroeconomic parameters applicable to the Company's activities.
unquote
More details are available on KASE website –
http://www.kase.kz/files/emitters/RDGZ/rdgz_reliz_041217_eng_2.pdf
[2017-12-04]