OREANDA-NEWS. March 21, 2012. Zhaikmunai LP (LSE: ZKM), the oil and gas exploration and production enterprise with assets in north-western Kazakhstan communicates its financial results for the year ended 31st December 2011 as well as a 2012 production update including its Gas Treatment Facility (GTF), reported the press-centre of KASE.

KEY HIGHLIGHTS

 - Total production (crude oil and GTF products) increase of 69.7% to  4,802,561 boe;

 - Revenue increase of 68.9% to USD 300.8 million;

 - EBITDA increase of 99.8% to USD 197.4 million;

 - More than three-fold increase in Net Income to USD 81.6million (+256.4%);

 - Handover of the Gas Treatment Facility (GTF) completed in December 2011;

 - Over 10 months sales of on-spec products (crude oil, stabilised condensate,    LPG and dry gas) delivered to offtakers;

 - Zhaikmunai enters its final stage of production ramp-up to full capacity of    48,000 boepd with Well # 401 coming on-line.