Crude Oil Well No 116 Production Results

ISLE OF MAN--(Marketwire - Jun 19, 2012) -

                           Zhaikmunai L.P.
                         (the "Partnership")

            CRUDE OIL WELL #116 MEETS EXPECTATIONS WITH A
            PRODUCTION RATE OF945 BARRELS OF OIL PER DAY

Zhaikmunai LP (LSE: ZKM), the oil and gas exploration and production
enterprise, is pleased to announce production rates of 945 barrels of
crude oil per day from its Well #116 meeting management's expectations.
Well #116 is located in the north-eastern part of its Chinarevskoye
field in Kazakhstan and is currently characterised as follows:

- Formation:  Lower Carboniferous Tournaisian carbonate
- Initial production rates
(at average wellhead pressure of 21 bars and at choke size of 26mm):
     - Crude oil:  945 barrels of oil per day
     - Gas:  65,000 cubic meters per day

CONFIRMATION OF NEW SIDE-TRACKING TECHNOLOGY'S SUCCESS

Well #116 was drilled as a deviated directional oil production well for
the Tournaisian reservoirs using the same technology as in side-tracked
well #24. The afore-mentioned production rates were obtained after a
two-step perforation and treatment of relatively low permeability
reservoir intervals (0.5-5.0 mD), which were followed by the higher
permeable intervals. The excellent results obtained confirm the success
of applied directional drilling and well stimulation technology for the
Tournaisian reservoir in the north-eastern part of the Chinarevskoye
field.

Kai-Uwe Kessel, CEO of Zhaikmunai, commented:"Both well #116 and recently
completed well #24 have confirmed
Zhaikmunai's new side-tracking and well stimulation technology. Initial
crude oil production rates for these two wells taken together have
exceeded our expectations and have resulted in an increase of total
crude oil production to a level of 7.400 bbl per day. This brings
Zhaikmunai closer to reaching its target production of 8.000 bbl per
day for crude oil, which we are confident to reach shortly following
the scheduled tie-in of a further crude oil well."

For further information please visit  www.zhaikmunai.com 
Here you can download the pdf file from this press release.

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.





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