Zhaikmunai LP - 2010 Financial Year Results, etc


ISLE OF MAN, UNITED KINGDOM--(Marketwire - Apr 28, 2011) -


                   Zhaikmunai L.P. (the "Partnership'")


             2010 FINANCIAL YEAR RESULTS, MANAGEMENT REPORT
                    AND GAS TREATMENT FACILITY UPDATE

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).


KEY HIGHLIGHTS


-   EBITDA of US$ 98.79 million (+67.85% YoY)
-   Strong balance sheet with US$ 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 US$ 450 million



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