Zhaikmunai LP: Gas Treatment Facility (GTF) Status Update

ISLE OF MAN, UK--(Marketwire - Oct 14, 2011) -

                       Zhaikmunai L.P.
                     (the "Partnership")

         GAS TREATMENT FACILITY (GTF) STATUS UPDATE

Zhaikmunai LP (LSE: ZKM), the oil and gas exploration and production
enterprise based in north-western Kazakhstan is pleased to report
further progress with its Gas Treatment Facility (GTF) as both GTF
"Train 1" and GTF "Train 2" are now in operation.

Both trains of GTF fully functional

The Gas Treatment Facility (GTF) allows Zhaikmunai to treat gas
condensate from its wells as well as associated gas from its Oil
Treatment Unit (OTU) into a mix of new products, i.e. stabilised
condensate, LPG and dry gas. These products complete the current crude
oil offering.

The GTF is composed of two gas treatment trains ("Train 1" and "Train
2"), each with a capacity of 850 mmcm per year. Both trains are
currently operational and all GTF products are on-spec.

Over recent weeks, production capacity of crude oil and GTF products
(stabilised condensate, LPG and dry gas) has reached higher range
values, albeit intermittently, which is characteristic of any ramp-up
process. It is expected to gain in consistency as final production flow
adjustments are being made. The production ramp-up process with the aim
of the GTF reaching its design production levels is scheduled to
continue steadily over the coming weeks.

Test production sold to offtakers

Commencement of test production through the GTF in May 2011 has enabled
Zhaikmunai to gradually increase its overall production capacity. All
GTF test production, including dry gas, is being sold to offtakers and
this will continue throughout the ramping-up process.

Kai-Uwe Kessel, Chief Executive Officer, said:"With both trains of
the GTF now operational, Zhaikmunai's overall
production has already increased substantially and is scheduled to
continue growing in the weeks ahead. We look forward to ironing out
certain teething problems and to reaching GTF design production
capacity in the near future."


Further enquiries

Zhaikmunai LP
Bruno Meere, Investor Relations Officer
 investor_relations@zhaikmunai.com              +44 (0) 1624 68 21 79

Pelham Bell Pottinger
Philip Dennis
Elena Dobson                                  +44 (0) 20 7861 3232

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 north-western
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

END