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Zhaikmunai H1 EBITDA UPTO US$43.35 MM(+33.10% YoY)

                             Zhaikmunai L.P.
                             (the "Company")


         H1 EBITDA UP TO US$ 43.35 MM (+33.10 % YoY)


London - September 6, 2010 - Zhaikmunai L.P. (LSE: ZKM) ('Zhaikmunai'),
the independent oil and gas enterprise operating in northwestern
Kazakhstan, today announces its half-yearly results for the six months
ended 30 June 2010.

2010 HALF-YEARLY RESULTS SUMMARY

All figures in US$ millions unless otherwise stated                            H1 2010  H1 2009  Change YoY
Revenues from oil sales                    74.654   44.680   +67.08%
EBITDA                                     43.353   32.572   +33.10%
Net Cash Flow from operating activities    24.672   13.836   +78.32%
Net Cash Flow used in investing activities(71.316) (24.918)
Net income                                 19.577  (20.101)
Production (bopd)                          7,261    7,271     -0.1%
Debt                                      381.677  381.677     unch.
Average Realised oil price (US$ per bbl)   77.85    51.62    +50.81%
Discount (US$ per bbl)                     14.26    15.40    -7.40%
Weighted average netback (US$ per bbl)     63.59    36.22    +75.57%

Zhaikmunai had a strong first half. All financial figures improved
relative to the first half of 2009 reflecting a 50.8% increase in the
average realised oil price. Oil production was practically unchanged.
Production of condensate, LPG and dry sales gas is expected to commence
before year-end, which will result in significant production growth.

KEY H1 2010 HIGHLIGHTS

* EBITDA was US$43.35 million, 33% higher than EBITDA realized in H1
  2009 (US$32.57 million).

* Net profit was US$19.58 million compared with a loss of US$ 20.10
  million during the same period last year.

* Revenues increased to US$74.65 million, a 67% increase relative to
  the revenues realized in H1 2009 (US$44.68 million).

* Successful test results for two new wells.

* Completion of Zhaikmunai's gas treatment facility is expected to
  occur before the end of September 2010


To view the full text of this press release, paste the following link
into your web browser:

http://www.rns-pdf.londonstockexchange.com/rns/1740S_1-2010-9-6.pdf


Further enquiries

Zhaikmunai LP
Bert Jordens, Investor Relations Officer
jordens@zhaikmunai.com                +44 (0) 1624 68 21 79



Brunswick
Michael Harrison                      +44 (0)20 7404 59 59

                    This information is provided by RNS
          The company news service from the London Stock Exchange

END