Zhaikmunai L.P.
(the "Company")
SUCCESSFUL SHIPMENT OF CRUDE OIL THROUGH FEODOSIA
London - August 25, 2010 - Zhaikmunai L.P. (LSE : ZKM ) ('Zhaikmunai'),
the independent oil and gas enterprise operating in northwestern
Kazakhstan, recently made its first shipment of crude oil through the
Black Sea port of Feodosia (Ukraine).
A total of 233,444 bbl was transported by rail to Feodosia on a Free on
Board sale (FOB-sale) where it was loaded on a tanker. As such the
company has successfully tested a new destination that it can use for
its future crude oil and condensate production.
Kai-Uwe Kessel, Chief Executive Officer, commented :"Until recently Zhaikmunai only transported its oil production towards
refineries in Finland, Ukraine and Kazakhstan. We are delighted that
our marketing team coordinated the shipment of almost one month's
production by rail and tanker to one of the most important ports on the
Black Sea. This initiative will allow us to reach many more off-takers
and as such it will improve our marketing reach and the net-backs we
obtain for the company's products."
For further information please visit www.zhaikmunai.com.
Further enquiries
Zhaikmunai LP
Bert Jordens, Investor Relations Officer
jordens@zhaikmunai.com +44 (0) 1624 68 21 79
Brunswick
Michael Harrison +44 (0) 20 7404 59 59
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 Zhaikmunai L.P. 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
END
Contact Information: Contacts: RNS Customer Services 0044-207797-4400 http://www.rns.com