SOURCE: Zhaikmunai LP

November 29, 2010 02:00 ET

Zhaikmunai announces enhanced reporting procedures

ISLE OF MAN, UK and LONDON--(Marketwire - November 29, 2010) -


Zhaikmunai announces enhanced reporting procedures.

London- 29 November 2010 - Zhaikmunai LP (LSE: ZKM) ("Zhaikmunai"),
the oil and gas exploration and production business based in
northwestern Kazakhstan, announces that following its successful bond
issuance in October 2010 it will commence publishing enhanced interim
financial statements which will include an unaudited condensed
consolidated balance sheet as at the end of the first and third
quarters.

The date for announcing its third quarter results for the three (and
nine) month period(s) to 30th September 2010 will be on Thursday 16th
December 2010.

Post publication of the financial statements for the third quarter of
2010, Zhaikmunai management will hold a conference call followed by a
Q&A session for analysts and investors on Tuesday, 16 December 2010 at
2 pm GMT (London time).

If you would like to participate in this call, please register before
Monday, 15 December 2010 by e-mail: investor_relations@zhaikmunai.com.
After registration you will receive dial-in details by e-mail.

For further information please visit www.zhaikmunai.com.

Further enquiries

Zhaikmunai LP
Bert Jordens, Investor Relations Officer
Investor_relations@zhaikmunai.com       +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

Contact Information