JPMorgan - KASE

Wells and Drilling Activity
The following table sets forth the number and status of oil wells in Kazakhstan in which we had
an interest as of December 31, 2001.
Producing Oil Wells Shut-In Oil Wells (1)
Name of Field Gross (2) Net (3 ) Gross (2) Net (3 )
Kumkol South ....................................... 176 176 29 29
KumkolNorth ....................................... 175 88.5 10 5
South Kumkol ....................................... 20 20 3 3
Qyzylkiya ........................................... 9 9 11 11
Aryskum ............................................ 1 1 21 21
Maybulak ........................................... 4 4 5 5
Akshabulak ......................................... 13 6.5 6 3
Nurali .............................................. 2 1 8 4
Aksai ............................................... 2 1 5 2.5
EastKumkol......................................... 5 5 — —
Total ............................................... 407 311 98 83.5
(1) “Shut-in wells” means wells which have encountered and are capable of producing crude oil or natural gas but which are not
producing due to lack of available transportation facilities, available markets or other reasons.
(2) “Gross” wells are defined as the total number of wells in which we have an interest.
(3) “Net” wells are defined as the aggregate of the numbers obtained by multiplying each gross well by our percentage of
working interest therein.
The following table sets forth our drilling results for the nine months ended September 30, 2002
and the years ended December 31, 2001 and 2000:
Nine Months Ended
Year Ended December 31,
September 30, 2002 2001 2000
Gross (1) Net (2) Gross (1) Net (2) Gross (1) Net (2 )
Oilwells ................................. 48 28 53 38 4 3
Naturalgaswells ......................... — — — — — —
Dry and abandoned ....................... — — 1 1 1 1
Total.................................... 48 28 54 39 5 4
(1) “Gross” wells are defined as the total number of wells in which we have an interest.
(2) “Net” wells are defined as the aggregate of the numbers obtained by multiplying each gross well by our percentage of
interest therein.
The information set forth above should not be considered indicative of future drilling
performance, nor should it be assumed that there is any correlation between the number of
productive wells drilled and the amount of oil or gas that may ultimately be recovered.
Production
The following table sets forth our total production and average daily oil production in
Kazakhstan for the nine month period ended September 30, 2002 and the years ended December
31, 2001 and 2000.
Nine Months Ended
September 30, 2002
Years Ended December 31,
2001 2000
Total production (MMbbls) ................... 35.0 36.8 30.9
Average daily production (BOPD) ............. 128,203 100,887 84,090
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