Zhaikmunai Announces Y2010 Financial Results
OREANDA-NEWS. May 06, 2011. Zhaikmunai LP (LSE: ZKM), the oil and gas exploration and production business with assets in north-western Kazakhstan, today announces its audited results and management report for the year ended 31st December 2010, and an operational update on its Gas Treatment Facility (GTF), reported the press-centre of KASE.
KEY HIGHLIGHTS
- EBITDA of USD 98.79 million (+67.85% YoY)
- Strong balance sheet with USD 147.94 million cash
- Gas Treatment Facility (GTF) entered commissioning phase
- Test production of stabilized condensate, LPG and dry gas underway
- Successfully completed a bond offering raising USD 450 million.
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