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Zhaikmunai Completes Acquisition of Three Fields


March 5, 2013 - Amsterdam, The Netherlands







Zhaikmunai Completes Acquisition of Three Fields



Amsterdam, 5 March 2013 - Zhaikmunai LP (LSE: ZKM), the oil and gas
exploration and production enterprise with assets in north-western
Kazakhstan, today confirms that it has acquired legal ownership of the
subsoil rights related to three oil and gas fields (Rostoshinskoye,
Darinskoye and Yuzhno-Gremyachenskoye) in Kazakhstan following the
signing of the respective supplementary agreements related thereto by
the Ministry of Oil and Gas (MOG) of the Republic of Kazakhstan
effective 1st March 2013.


Three Promising Fields Close to the Chinarevskoye Field Create Major
Synergies


* As previously announced, on 17 August 2012 Zhaikmunai LLP signed
Asset Purchase Agreements to acquire 100% of the subsoil use rights
related to three oil and gas fields (Rostoshinskoye, Darinskoye and
Yuzhno-Gremyachenskoye) located in the pre-Caspian basin to the
north-west of Uralsk, approximately 60 - 120 kilometres respectively
from the Chinarevskoye field, its current main producing asset, for US$
16 million;

* In Q4 2012 the Antimonopoly Agency as well as the MOG of the
Republic of Kazakhstan provided their consent for the acquisition of
all three fields;

* The signing of the supplementary agreements by the MOG effective
1st March 2013 officially transfers ownership of the three fields to
Zhaikmunai;

* Reserves reports for 2007 and 2008 prepared by Chapman,
Independent Petroleum Consultants, account for the following reserves
estimates for the three fields taken together:

o 1P: 28 mmboe;

o 2P: 131 mmboe;

o 3P: 187 mmboe.

* These estimates convey an initial order of magnitude of the
reserves potential of the Rostoshinskoye, Darinskoye and
Yuzhno-Gremyachenskoye fields and Zhaikmunai believes the upside
potential to be very promising.



Kai-Uwe Kessel, Chief Executive Officer of Zhaikmunai commented:"We are
pleased to have concluded the acquisition of these subsoil use
rights and we are now excited about developing the important potential
of these fields and further developing our footprint in Kazakhstan."



Further information

For further information please visit www.zhaikmunai.com

Further enquiries

Zhaikmunai LP - Investor Relations
Bruno G. Meere
Kirsty Hamilton-Smith
investor_relations@zhaikmunai.com + 44(0) 1624 68 21 79

Pelham Bell Pottinger

Philip Dennis
Elena Dobson + 44(0) 207 861 32 32



About Zhaikmunai

Zhaikmunai is an independent oil and gas enterprise currently engaging
in the exploration and development and production of oil and gas. It is
listed on the London Stock Exchange (Ticker symbol: ZKM). Its principal
producing asset is the Chinarevskoye Field located in northwestern
Kazakhstan. Zhaikmunai L.L.P., a wholly-owned subsidiary of Zhaikmunai
L.P., holds a 100% interest in and is the operator of the Production
Sharing Agreement for the Chinarevskoye Field.



Forward-Looking Statements

Some of the statements in this document are forward-looking.
Forward-looking statements include statements regarding the intent,
belief and current expectations of the Partnership or its officers with
respect to various matters. When used in this document, the
words"expects,""believes,""anticipates,""plans,""may,""will,""should"
and similar expressions, and the negatives thereof, are intended to
identify forward-looking statements. Such statements are not promises
or guarantees, and are subject to risks and uncertainties that could
cause actual outcomes to differ materially from those suggested by any
such statements.





This information is provided by RNS
The company news service from the London Stock Exchange

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