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Gold/Mining/Energy : ECHARTERS

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To: E. Charters who wrote (2024)	12/15/1997 2:49:00 PM
From: John Menzies	Read Replies (1) of 3744

Got any comment on the Kazminco press release regarding the acquisition of oil and gas interests in Kazakstan. Maybe this will go just a little way towards changing the market perception of Kazakstan. As I continue to stress we are most happy working in this country - most happy. fin-info.com Kazakhstan Minerals: Significant Oil and Gas Investment for KazMinCo Supplements Solid Mineral Assets VANCOUVER, BRITISH COLUMBIA--Kazakhstan Minerals Corporation (KazMinCo) is pleased to announce its entry into the oil and gas business through the acquisition of a 40 percent equity interest in the Tasbulat Oil Corporation LLP (Tasbulat LLP). Tasbulat LLP is a Kazakstan registered limited liability partnership which holds a 100 percent interest in the Tasbulat, Atkas and Turkmenoy oilfields (Tasbulat Oilfields) located in the Mangystau oil province of Western Kazakstan (see attached maps). The Tasbulat Oilfields have an estimated in place oil reserve of 245 million barrels of which 72 million barrels are classified as recoverable reserves. KazMinCo's acquisition cost will be comprised of staged cash payments and two million common shares of KazMinCo. The transaction is subject to regulatory approval.

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