Kazmunaigaz Exploration Regulatory News (KMG)

26 Nov 2007 07:50

JSC KazMunaiGas Exploration Prod26 November 2007 Press release JSC KazMunaiGas Exploration Production Analyst and Investor Roadshow London, November 26, 2007. JSC KazMunaiGas Exploration Production ("KMG EP" orthe "Company"), is today embarking on a series of analyst and investor meetings,providing an update to the market on its current operations and the Company'splans for the future. The management team of KMG EP is lead by the Company's CEOMr Askar Balzhanov. The presentation given by management aims to provide a full update on KMG EP'scurrent operations. Management will present its strategy of growing theCompany's oil reserves, maintaining current levels of production in existingfields, as well as optimising production costs. The management team will also provide details regarding recent and potentialacquisitions. It has been agreed that KMG EP will receive an interim dividendof US$300 million from Kazgermunai for the first 9 months of 2007. A copy of the analyst presentation will be made available on the KMG EP websiteat http://www.kmgep.kz/ - ENDS - Notes to Editors: KMG EP is the 3d largest Kazakh oil and gas producing company with over 9.5 mmt(192 kbopd) of crude production in 2006 and 203.2 mmt (1.5 billion bbl) ofproved and probable reserves at the end of 2006. The Company's shares are listedon Kazakhstan Stock Exchange and the GDRs are listed on London Stock Exchange.The Company raised approximately US$2 billion in its IPO in September of 2006. For further details please contact us at: KMG EP, Public Relations (+7 717 2 977 908, +7 7172 977 924)Lyazzat KokkozovaE-mail: pr@kmgep.kz KMG EP, Investor Relations (+7 7172 975433)Alexander GladyshevE-mail: ir@kmgep.kz WMC Communications Ltd (+44 207 930 9030)Elena DobsonE-mail: Elena.dobson@wmccommunications.com 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 Exchange