OREANDA-NEWS. July 29, 2015. Zhaikmunai JSC (Uralsk), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

Zhaikmunai LLP, subsidiary of Nostrum Oil & Gas PLC ("the Company", and together with its subsidiaries the "Group"), an independent oil and gas company engaged in oil and gas production, exploration and development of oil and gas fields in the Caspian basin, today announced operating results for the six months that ended on June 30, 2015. This update is released on the eve of the publication of the audited and consolidated financial statements for the same period, which will be presented before the end of August.

The information contained in this report has not yet been audited, and it will have to be analyzed by independent auditors. Key operational and financial performance:

The average daily production is 44,337 barrels of oil equivalent per day

The level of production in 2015 continues to target 45,000 barrels of oil equivalent per day

The works on completion of gas treatment facilities 3 are executed on time and within the budget, and the completion is planned until the end of 2016

The drilling program planned for 2015: to complete 8 wells (6 producing wells and 2 appraisal wells) Financial performance Revenues for the first half of 2015 is expected to reach more than USD270 Cash position is more than USD240 mn (including short-term deposits) and net debt – about USD720 mn, as of June 30, 2015

he fully funded program of capital expenditures both for the maintenance of existing production level in 2015 and 2016, and completion of the construction of gas treatment facilities 3 on time in 2016

32% of liquid hydrocarbon production (7,500 bopd) are hedged at USD 85 until February 2016