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Zhaikmunai LP announces 2012 Financial Update

ISLE OF MAN, UNITED KINGDOM -- (Marketwire) -- 02/21/13 --

                       2012 Financial Update

Zhaikmunai L.P. (LSE: ZKM)
("Zhaikmunai"), the oil and gas exploration and production enterprise
with assets in north-western Kazakhstan, today issues this financial
update in respect of its financial results for the year ended 31st
December 2012. This update is being issued in advance of the release of
its full-year audited and consolidated accounts, which is scheduled for
the week of March 18, 2013, as a consequence of certain regulatory
requirements in the Republic of Kazakhstan. The information contained
in this update has not yet been audited and remains subject to further
review.

Zhaikmunai's 2012 Headline Financials Forecast

Zhaikmunai is pleased to announce preliminary unaudited headline
financials for the year 2012. Based on an average total daily
production of 36,940 boepd in 2012, total revenue for the year is
expected to be above US$ 700 million and total EBITDA for the year is
expected to be above US$ 400 million.

Following the successful completion of its second bond in November
2012, Zhaikmunai ended the year with a total debt of approximately US$
652.5 million and a total cash position of above US$ 250 million.

Release of Zhaikmunai's 2012 Full-Year Results

Zhaikmunai L.P. plans to release its audited consolidated accounts for
the year ended 31st December 2012 in the week of March 18, 2013.
Zhaikmunai's management team will be available for analysts and
investors for a Q&A session following the release. Registration details
for the conference call will be provided well in advance of the
scheduled release date.

Further information

For further information please visit www.zhaikmunai.com

Further enquiries

Zhaikmunai LP - Investor Relations
Bruno G. Meere
Kirsty Hamilton-Smith
[email protected]    + 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

END

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