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PetroKazakhstan Inc. (PKZ) Message Board

  • bruno_d_man2003 bruno_d_man2003 Jun 13, 2005 5:00 PM Flag

    Investor conf. webcast @ 6PM ET today


    CALGARY, June 10 /PRNewswire-FirstCall/ - PetroKazakhstan Inc. ("PetroKazakhstan" or the "Company") will be participating in the Canadian Association of Petroleum Producers ("CAPP") investment conference being held in Calgary, Alberta from June 13th to 15th. The Company will also be meeting with institutional investors after the conference.

    Mr. Ihor P. Wasylkiw, Vice President Investor Relations of PetroKazakhstan, will be the Company presenter.

    The Company invites you to either review a copy of the presentation which will be made, or alternatively, listen to a live webcast of the presentation which will begin at 6:00 p.m. Eastern time (4:00 p.m. Mountain time) on Monday, June 13th. Please visit the Company's website at and from the home page either click on "Presentations" to download a copy of the presentation or click on "Webcast" to listen to the live webcast. The webcast will be archived for 30 days.

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    • CC was very informative:

      current production is down about 46% to
      about 85,000 Bbls/day from the 158,000
      Bbbls/day in March 2005

      about 22,000 Bbls/day will return in
      Aug2005 from 50/50 JV Kazgermunai

      so that by end of AUG2005 TOTAL
      PRODUCTION should be back to about
      85K + 22K = 107,000 Bbls /day or
      about 68% of "normal" production

      CHINA-KAZ pipeline should be OPERATIONAL
      by the end of the 1stQTR 2006 with
      PKZ as the ONLY series of fields INITIALLY
      TIED TO CHINA-KAZ pipeline

      NEGOTIATIONS are now ONGOING to sign
      CONTRACTS with the CHINESE-- about $7 /bbl
      REDUCTION in transportation costs
      are expected (in other words, about
      $7 / bbl MORE for PKZs light sweet crude)

      negotiations ongoing with government to
      reinstate PRODUCTION and TAX-PAYING related
      to PRODUCTION before the JULY2006 time
      when gas-utilization is fully activated--
      news about GOVERNMENT negotiations can
      be expected in the "next few months"
      if it yields any changes to current situation

      Poltical climate dificult because of crucial
      ELECTIONS in 2006 (Prez & Parliment)

      High courts in KAZ are fair & rational
      (lower courts more problematic)

      Lukoil conflict may take YEARS to resolve
      especially with regards to INTERNATIONAL
      ARBITRATION in Europe


      hope this helps
      (please correct any errors)


    • not much new. Share repurchases are continuing. Based on a slide showing 74.0 million shares outstanding as of May 31, it leads to me beleive that an additional 590,000 shares have been repurchased since the Q1 earnings release.

      I expected the repurchase to be measured just due to uncertainty.