KMG EP announces dates of the next specialised trade for the repurchase of its preferred shares on KASE
JSC KazMunaiGas Exploration Production is pleased to announce that next specialised trade for the repurchase of the Company’s preferred shares will be held on KASE from 27 May till 27 June 2011. The Company has now repurchased around 1.7 million preferred shares for an aggregate price of about 32.8 billion …
JSC KazMunaiGas Exploration Production 1Q 2011 Financial results
JSC KazMunaiGas Exploration Production released its consolidated financial statements for the three months ended March 31, 2011: The average price of Brent in the first three months of 2011 was 38% higher than in the same period last year, up from US$76 per barrel to US$105 per barrel …
KMG EP Board of Directors meeting
KMG EP held a regular meeting of the Board of Directors. At the meeting, Alik Aidarbayev, Managing Director for Exploration and Production at JSC National Company KazMunayGas (“NC KMG”), was elected Chairman of the Board of Directors of KMG EP. At the meeting, the Board of Directors decided to expand …
KMG EP Closing of acquisition of a 50% stake in Ural Group Limited
KazMunaiGas Exploration Production announces the closing of the transaction to acquire a 50% stake in Ural Group Limited (UGL) from Exploration Venture Limited (EVL). UGL owns the exploration license for the block Fedorovskiy through 100% stake in LLP “Ural Oil and Gas” (UOG). As previously announced, the deal price was …
KMG EP announces acquisition of four contracts for exploration of hydrocarbons
JSC KazMunaiGas Exploration Production today announces agreements reached with the JSC National Company KazMunayGas (“NC KMG”) to acquire four hydrocarbon exploration contracts. As per the agreement, KMG EP acquires the following four contracts: Temir, Teresken, Karaton-Sarkamys and the territory adjacent to Uzen and Karamandybas. Temir and Teresken blocks are located in the …
JSC KazMunaiGas Exploration Production held an Extraordinary General Meeting of shareholders
JSC KazMunaiGas Exploration Production held an Extraordinary General Meeting of shareholders at which the powers of Tolegen Bozzhanov, a member of the Company’s Board of Directors, have been early terminated. Sisengali Utegaliyev has been appointed as a member of the Company’s Board of Directors for the term of the Board of Directors as …
KMG EP increased reserves replacement ratio
КаzМunaiGas Exploration Production (“КМG EP” or the “Company”) today announces results of the annual reserves audit, as at 31 December 2010. According to the report by the independent energy consulting firm Gaffney, Cline & Associates (“GCA”), proved plus probable (2P) reserves excluding the stakes in JV Kazgermunai LLP, CCEL and PetroKazakhstan Inc. were …