|
As at December 31, 2010
|
||||||
|
Developed
|
Undeveloped
|
Total
|
||||
|
Gross
|
Net
|
Gross
|
Gross
|
Net
|
Gross
|
|
|
(in Acres)
|
||||||
|
ADE Block
|
970
|
970
|
46,785
|
46,785
|
47,755
|
47,755
|
|
Southeast Block
|
750
|
750
|
65,165
|
65,165
|
65,915
|
65,915
|
|
BMB Munai, Inc.
|
|||||||||||||||||
|
Summary of Oil and Gas Reserves
|
|||||||||||||||||
|
January 1, 2011
|
|||||||||||||||||
|
(as of December 31, 2010)
|
|||||||||||||||||
|
Forecast Prices and Costs
|
|||||||||||||||||
|
Company Reserves
|
|||||||||||||||||
|
Light and Medium Oil
|
Heavy Oil
|
Natural Gas [1]
|
Natural Gas Liquids
|
||||||||||||||
|
Gross
|
Net
|
Gross
|
Net
|
Gross
|
Net
|
Gross
|
Net
|
||||||||||
|
Reserves Category
|
MSTB
|
MSTB
|
MSTB
|
MSTB
|
MMscf
|
MMscf
|
Mbbl
|
Mbbl
|
|||||||||
|
PROVED
|
|||||||||||||||||
|
Developed Producing
|
8,030
|
8,030
|
0
|
0
|
6,322
|
6,322
|
0
|
0
|
|||||||||
|
Developed Non-Producing
|
12,919
|
12,919
|
0
|
0
|
16,526
|
16,526
|
0
|
0
|
|||||||||
|
Undeveloped
|
2,590
|
2,590
|
0
|
0
|
3,994
|
3,994
|
0
|
0
|
|||||||||
|
TOTAL PROVED
|
23,539
|
23,539
|
0
|
0
|
26,842
|
26,842
|
0
|
0
|
|||||||||
|
PROBABLE
|
61,451
|
61,451
|
0
|
0
|
36,821
|
36,821
|
0
|
0
|
|||||||||
|
TOTAL PROVED PLUS PROBABLE
|
84,990
|
84,990
|
0
|
0
|
63,663
|
63,663
|
0
|
0
|
|||||||||
|
POSSIBLE
|
29,714
|
29,714
|
0
|
0
|
34,155
|
34,155
|
0
|
0
|
|||||||||
|
TOTAL PROVED PLUS PROBABLE PLUS POSSIBLE
|
114,704
|
114,704
|
0
|
0
|
97,818
|
97,818
|
0
|
0
|
|||||||||
|
Reference: Item 2.1 (1) Form 51-101F1
|
||||||||||||||||||
|
Columns may not add precisely due to accumulative rounding of values throughout the report.
|
||||||||||||||||||
|
Notes:
|
[1]
|
Includes associated, non-associated and solution gas where applicable.
|
||||||||||||||||
|
BMB Munai, Inc.
|
|||||||||||
|
Summary of Net Present Values
|
|||||||||||
|
January 1, 2011
|
|||||||||||
|
(as of December 31, 2010)
|
|||||||||||
|
Forecast Prices and Costs
|
|||||||||||
|
Before Income Tax
|
|||||||||||
|
Net Present Values of Future Net Revenue
|
|||||||||||
|
Discounted at
|
|||||||||||
|
0 %/yr.
|
5 %/yr.
|
10 %/yr.
|
15 %/yr.
|
20 %/yr.
|
|||||||
|
Reserves Category
|
M$
|
M$
|
M$
|
M$
|
M$
|
||||||
|
PROVED
|
|||||||||||
|
Developed Producing
|
386,500
|
271,250
|
210,125
|
172,886
|
147,851
|
||||||
|
Developed Non-Producing
|
624,071
|
414,395
|
303,747
|
237,412
|
193,736
|
||||||
|
Undeveloped
|
96,314
|
70,553
|
52,863
|
40,370
|
31,331
|
||||||
|
TOTAL PROVED
|
1,106,885
|
756,198
|
566,735
|
450,668
|
372,918
|
||||||
|
PROBABLE
|
2,675,462
|
1,282,065
|
745,750
|
486,584
|
341,172
|
||||||
|
TOTAL PROVED PLUS PROBABLE
|
3,782,347
|
2,038,263
|
1,312,485
|
937,252
|
714,090
|
||||||