Should I start a Petro Kazakhstan thread?

...as it listed in London today

http://www.petrokazakhstan.com/

Article in Oil Barrel (thanks to djalan)
http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1069809611&feed=oilbarrel_en

US$ chart


From the latest company presentation

Overview of PetroKazakhstan

An international integrated oil company operating exclusively in Kazakhstan

Produces 145,000 bbl/d (Q2 2003) of light (42oAPI) sweet (0.4% sulphur) oil sold on the export markets and as refined product

Focused on reducing transportation costs to export markets.

The recently completed KAM pipeline is showing savings of $2.40-$2.50/bbl

Has interests in 11 fields of which it operates 7.

The licenses include additional productive exploration acreage

Has increased Production (5yr CAGR = 20%) and Reserves (5yr CAGR = 4%)
for six consecutive years

50% of the domestic refined products market
------------------------------
Executive Summary

Common Shares Symbol
PKN TSE (CDN)
PKN NYSE (USA)

52 week share price range
C$16.18 - C26.94 (TSX)
US$8.85 - US$19.64 (NYSE)

Share price (Sept 10/03)C$25.80 (TSX) US$18.91 (NYSE)


[Common shares outstanding as at Aug 30/03]
77.7 million (basic)
82.3 million (diluted)

-------------------------------
Other numbers look fairly good, p/e about 5 (slide 15); net debt US$192 million (slide 6); enterprise value (as at Sept 10/03) US$1,661 million

There was a spat with the Kazakh anti-trust authorities recently, seems to have blown over... here is a not-so-great link on that from CBC

http://www.cbc.ca/stories/2003/10/01/petrokazakhstan011003