BMB Munai Inc. A0BK50

Certain of the statements contained in all parts of this document including, but not limited to, those relating to our drilling plans, future expenses, changes in wells operated and reserves, future growth and expansion, future exploration, future seismic data, expansion of operations, our ability to generate new prospects, our ability to obtain a production license, review of outside generated prospects and acquisitions, additional reserves and reserve increases, managing our asset base, expansion and improvement of capabilities, integration of new technology into operations, credit facilities, new prospects and drilling locations, future capital expenditures and working capital, sufficiency of future working capital, borrowings and capital resources and liquidity, projected cash flows from operations, future commodity price environment, expectations of timing, the outcome of legal proceedings, satisfaction of contingencies, the impact of any change in accounting policies on our financial statements, the number, timing or results of any wells, the plans for timing, interpretation and results of new or existing seismic surveys or seismic data, future production or reserves, future acquisitions of leases, lease options or other land rights, management's assessment of internal control over financial reporting, financial results, opportunities, growth, business plans and strategy and other statements that are not historical facts contained in this report are forward-looking statements. When used in this document, words like "expect," "project," "estimate," "believe," "anticipate," "intend," "budget," "plan," "forecast," "predict," "may," "should," "could," "will" and similar expressions are also intended to identify forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, market factors, market prices (including regional basis differentials) of natural gas and oil, results for future drilling and marketing activity, future production and costs and other factors detailed herein and in our other Securities and Exchange Commission filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. These forward-looking statements speak only as of their dates and should not be unduly relied upon. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Overview

BMB Munai, Inc., is an independent oil and natural gas company engaged in the exploration, development, acquisition and production of crude oil and natural gas properties in the Republic of Kazakhstan (sometimes also referred to herein as the "ROK" or "Kazakhstan"). We hold a contract that allows us to explore and develop approximately 460 square kilometers in western Kazakhstan. Our contract grants us the right to explore and develop the Aksaz, Dolinnoe and Emir oil and gas fields, referred to herein as "the ADE Block" as well as an area adjacent to the ADE Block referred to herein as "the Extended Territory." The ADE Block and Extended Territory are collectively referred to herein as "our properties."

We are currently in the development stage. We generate revenue, income and cash flow by producing and marketing oil and natural gas from our oil and natural gas properties. We make significant capital expenditures in our exploration and development activities that we anticipate will allow us to increase and improve our ability to generate revenue. Our drilling strategy is focused toward enhancing cash flows and increasing proved developed reserves by drilling developmental wells within a proximity of existing wells, which we believe decreases our likelihood of drilling a dry hole, while at the same time increasing our current production and cash flow. As our cash flow and proved developed reserves grow, we will begin drilling exploratory wells to find new reservoirs or extend known reservoirs. We believe this strategy will result in growth of proved developed reserves, production and financial strength.

Industry and Economic Factors

We are a development stage company and have not yet generated significant production or revenues from the development of our properties. While we have raised capital to fund acquisitions and operations to date, we believe we still lack sufficient capital to complete exploration and development of our properties. We are currently using more cash in operations than we generate. We anticipate the need for additional funding before our revenue from oil and natural gas production will be sufficient to meet our operating needs.

In managing our business, we must deal with many factors inherent in our industry. First and foremost is the fluctuation of oil and gas prices. Historically, oil and gas markets have been cyclical and volatile, with future price movements, which are difficult to predict. While our revenues are a function of both production and prices, wide swings in commodity prices will likely have the greatest impact on our results of operations. We have no way to predict those prices or to control them without losing some advantage of the upside potential. The oil and gas industry has continued to experience high commodity prices in 2005, which has positively impacted the entire industry as well as our Company.

Our operations entail significant complexities. Advanced technologies requiring highly trained personnel are utilized in both exploration and development. Even when the technology is properly used, we may still not know conclusively if hydrocarbons will be present or the rate at which they may be

produced. Despite our best efforts to limit risk, exploration is a high-risk activity, often times resulting in no commercially productive reserves being discovered. Moreover, costs associated with operating within our industry are substantial.

Our business, as with other extractive industries, is a depleting one in which each gas equivalent produced must be replaced or our business, and a critical source of future liquidity, will shrink.

The oil and gas industry is highly competitive. Competition in Kazakhstan and Central Asia includes other junior hydrocarbons exploration companies, mid-size producers and major exploration and production companies. Many of our competitors have greater financial resources and larger technical staff than we have.

We are subject to various levels of government regulation and control, both in Kazakhstan and the United States. In particular, our activities are subject to stringent operational and environmental regulations. These regulations affect our costs of planning, designing, drilling, installing and operating oil and gas wells and related facilities. These regulations may become more demanding in the future.

Recent Developments

During the quarter we completed construction of Dolinnoe-3 well, which commenced on January 26, 2005. Preliminary tests indicated the presence of five oil bearing zones. Inside the producing intervals core sampling, hydrodynamic and field geophysical research and formation testing were completed and oil and gas flow was discovered. Works for more extensive testing are currently under way. To start test production on the Dolinnoe-3 well, we constructed a flow line from the well to the oil collection center in the Dolinnoe field and installed a wellhead heater. Presently, we have penetrated two bearing zones in Dolinnoe-3 well. We plan to perforate and test the other productive zones.

Subsequent to construction of the Dolinnoe-3 well, we undertook operations to reenter the Aksaz-4 well which was drilled to a depth of 4,080 meters, but abandoned during the Soviet Union period due to lack of financing. We performed initial underground workover of Aksaz-4 well with the purpose of examining the condition of the drilled well bore and its preparation for further drilling. On May 13, 2005, we commenced drilling operations on the Aksaz-4 well. While drilling, we performed geophysical, geological and technical studies and core sampling of Triassic formations. On the basis of available geological information including the data obtained from the 3D seismic survey, a structure with a probability of oil bearing capacity was discovered in Paleozoic formations. As of August 2, 2005 drilling of the well has almost been completed.

During the first quarter we also continued workover of four wells which are currently under testing and test production. We removed geophysical

equipment abandoned in the Dolinnoe-1 well and penetrated to deeper productive horizons perforating two additional oil bearing zones.

At the Dolinnoe-2 well we perforated the second, third and fourth horizons using high-powered perforating charges. On June 14, 2005 the well was put on test production.

In June 2005 we performed a second perforation on the Emir-1 well to provide more penetration capability and preparations for hydraulic fracturing of this well with acid treatment were performed.

Repair works are also under way on the Aksaz-1 well to liquidate the drill string-casing annulus and isolate a water-bearing horizon.

Outlook

During the remainder of the fiscal year, we will continue work over and research operations on the existing five wells in the ADE Block. During the upcoming quarter we also plan to complete construction of the Aksaz-4 well and put it into test production.

In order to increase production rates in existing wells we plan to employ new technological methods, including the use of specially formulated acidic compositions for use when conducting hydraulic fracturing and treatment on the wells of Dolinnoe and Emir fields. By utilizing acidic compositions that are specifically adjusted to the properties of the geological structures, oil content and downhole temperatures at each well, we anticipate improved results from fracturing and increased oil production. During the upcoming quarters we plan conduct hydraulic fracturing on the Emir-1 and Dolinnoe-2 wells. We plan to undertake similar operations on Dolinnoe-1 and Dolinnoe-3 wells as well.

We also plan to explore opportunities for radial and horizontal drilling and have retained the services of several leading scientific and research project institutes to assist us.

During the first quarter we retained Chapman Petroleum Engineering LTD ("Chapman") to perform reserve and economic evaluations of oil and gas properties in the Extended Territory. Chapman will perform the evaluation based on the results of reinterpretation of 2D seismic data. Additionally in April 2005, we concluded a contract on 3D seismic field works in the Extended Territory. Results of reserve evaluation by Chapman and the 3D seismic survey will allow us to have sufficient information to evaluate the oil and gas reserves of the Extended Territory, and prepare an efficient work program for further exploration and development of the Extended Territory. We have commenced well inspection and hydro-testing of a production string at Kariman-1 well drilled during Soviet times in the Extended Territory to the depth of Jurassic formations with the purpose of its probable deepening down to the oil-bearing Triassic deposits.

We invested approximately $6 million in exploration and development of our properties during the three months ended June 30, 2005. We expect to invest an additional $4 million to $8 million in exploration and development during the remainder of the current fiscal year. We anticipate the need to raise an additional $40,000,000 to support exploration and development activities before we expect income from oil production to be sufficient to meet our needs for operating capital.

Our outlook as described above is subject to change based upon factors that include, but are not limited to, drilling results, commodity prices, access to capital and other factors referred to in "Forward Looking Statements."

We have and will continue to seek to increase our proven reserves through continued exploration of our properties, as well as the acquisition of other properties with exploration and production potential.

For us to operate profitability and grow in the future we need to obtain additional capital either through additional fund raising or through significantly increased production. Our revenue, profitability and future growth depend substantially on factors beyond our control, such as economic, political and potential regulatory and competition from other sources of energy. Oil and natural gas prices historically have been volatile and may fluctuate widely in the future. Sustained periods of low prices for oil or natural gas could materially and adversely affect our financial position, results of operations, the quantities of oil and natural gas reserves that we can economically produce, the markets into which we can sale our oil and our access to additional capital. In a worst case scenario, future drilling operations could be largely unsuccessful, oil and gas prices could sharply decline, we could fail to gain access to the world oil markets and/or other factors beyond our control could cause us to modify or substantially curtail our exploration and development plans, which could negatively impact our earnings, cash flow and most likely the trading price of our securities.

Results of Operations

This section includes discussion of our results of operations for the three-month period ended June 30, 2005 as compared to the same period of the prior year.

Three months ended June 30, 2005, compared to the three months ended June 30, 2004

Revenue and Production
----------------------

        The following table summarizes production volumes, average sales prices
and operating revenue for our oil and natural gas operations for the three
months ended June 30, 2005 and the three months ended June 30, 2004.

                                      23
                                                                                           Three months ended
                                                                                             June 30, 2005
                                                                                       to the three months ended
                                                                                             June 30, 2004
                                                                                      -----------------------------
                                             For the three          For the three          $               %
                                             Months ended           months ended       Increase         Increase
                                             June 30, 2005          June 30, 2004     (Decrease)       (Decrease)
                                           ------------------    -------------------- ------------    -------------
Production volumes:
 Natural gas (Mcf)                                         -                       -            -                -
 Natural gas liquids (Bbls)                                -                       -            -                -
 Oil and condensate (Bbls)                            41,456                  11,405       30,051              263
 Barrels of Oil equivalent (BOE)                           -                       -            -                -

Average Sales Price
 Natural gas ($ per Mcf)                            $      -                $      -     $      -
                                                                                                                 -
 Natural gas liquids ($ per Bbl)                    $      -                $      -     $      -
                                                                                                                 -
 Oil and condensate ($ per Bbl)                     $  17.98                $  13.22     $   4.76               36
 Barrels of Oil equivalent
   ($ per BOE)                                      $      -                $      -     $      -
                                                                                                                 -

Operating Revenue:
Natural gas                                          $      -                $      -     $      -                -
Natural gas liquids                                         -                       -            -                -
Oil and condensate                                    662,637                 118,949      543,688              457
Gain on hedging and derivatives(1)                          -                       -            -                -
                                           ------------------    -------------------- ------------    -------------
     Total                                          $662,637                $118,949     $543,688              457
                                           ==================    ==================== ============    =============



(1) We did not engage in hedging transactions, including derivatives during the three months ended June 30, 2005, or the three months ended June 30, 2004.

Revenues. We generate revenue under our contract from the sale of oil and natural gas recovered during test production. During the three months ended June 30, 2005 and 2004, 100% of our revenue was generated from the sale of crude oil. During our first fiscal quarter 2005 we realized revenue from oil and gas sales of $662,637 compared to $118,949 during our first fiscal quarter of 2004. This increase in revenues is primarily the result of two facts. First, we performed workover of re-entered wells and drilled two additional wells, both of which led to increased production volume. Second, oil price in the domestic market increased 36% during the three months ended June 30, 2005. We anticipate production will continue to increase in the upcoming fiscal quarters. If production increases and oil prices remain constant or continue to increase, we expect revenue will continue to increase in the upcoming quarters. At the present time, however, it is unclear the rate at which our production and corresponding revenues may increase.

Our revenue is sensitive to changes in prices received for our products. Our production is sold at the prevailing market price in Kazakhstan, which fluctuates in response to many factors that are outside our control. Imbalances in the supply and demand for oil can have a dramatic effect on the prices we receive for our production. Political instability, the economy, weather and other factors outside our control could impact supply and demand.

Costs and Operating Expenses
----------------------------

        The following table presents a detail of our expenses for the three
months ended June 30, 2005 and 2004:
                                           For the three months ended      For the three months ended
                                                 June 30, 2005                      June 30, 2004
                                          -----------------------------    ---------------------------------
Expenses:
  Oil and gas operating(1)                                  $   37,811                            $  24,322
  Selling                                                       42,462                                8,436
  Depreciation, depletion and
     amortization                                               60,367                                9,125
  General and administrative                                 1,001,238                              550,950
Total                                                        $1,141,878                            $ 592,833
                                          =============================    =================================
Expenses ($ per BOE):
  Oil and gas operating(1)                                        1.03                                 2.70
  Depreciation, depletion and
    amortization(2)                                               0.81                                    -



(1) Includes lease operating costs and production and ad valorem taxes.
(2) Represents depreciation, depletion and amortization of oil and gas properties only.

Production Expenses. During the three months ended June 30, 2005, we incurred $67,740 in production expenses compared to $24,322 during the three months ended June 30, 2004. A significant portion of the increase in production expenses is attributable to accrual of depletion. During the first quarter we accrued $29,929 depletion expenses of oil and gas properties. Additionally production cost increased as a result of hiring more production and maintenance personal and repair overhead. We expect production expenses to continue to increase in the upcoming fiscal quarters. At the present time, however, it is unclear the rate at which our production expenses may increase in upcoming fiscal quarters.

Selling Expenses. We incurred selling expenses of $42,462 during the three months ended June 30, 2005 compared to $8,436 during the three months ended June 30, 2004. The increase in selling expenses is nearly proportional to the increase in revenue during the comparable quarters as we incurred. We transport oil produced in oilfields to railway terminals in oil tankers which are under operational lease. Consequently we use more gasoline and incur more overhead. We expect selling expenses to continue to increase in the upcoming fiscal quarters as revenue continues to increase. At the present time, however, it is unclear the rate at which our production expenses may increase in the upcoming fiscal year.

General and Administrative Expenses. General and administrative expenses during the three months ended June 30, 2005 were $1,001,238 compared to $550,950 during the three months ended June 30, 2004. This represents a 82%

increase in general and administrative expenses. This significant increase is attributable to a 140% increase in payroll and other compensation, a 139% increase in rent expenses, a 89% increase in professional services fees, a 22% increase in taxes, a 52% increase in transportation, a 1,314% increase in insurance expense, a 19% increase in communication expenses and a 80% increase in other expenses. The significant increase in general and administrative expenses is largely the result of hiring more personnel to operate our business, using services of technicians, engineers, accountants and lawyers, as well as incurring other general corporate expenses. We anticipate general and administrative expenses will increase in the upcoming fiscal quarters. However, we do not expect general and administrative expenses to increase at such a significant rate in the upcoming quarters. We anticipate increases in revenue, operating costs and selling costs will outpace the increase in general and administrative expenses in the upcoming quarters.

In April 2005 we elected to relocate our U.S. offices to Salt Lake City. Consequently we plan to sublease our office space in New York City to another company. We also reduced the number of employees we have in our U.S. office. We believe these measures will reduce our rent, taxes and other relevant expenses in the upcoming fiscal quarters.

Loss from Operations. During the three months ended June 30, 2005 we realized a loss from operations of $479,241 compared to a net loss from operations of $473,884 during the three months ended June 30, 2004. We realized a 457% increase in revenue during the three months ended June 30, 2005 compared to the comparable period 2004. This increase was offset by a 179% increase in production cost and an 82% increase in general and administrative expenses, which resulted in a 1% increase in loss from operations during the quarter ended June 30, 2005 compared to the quarter ended June 30, 2004. Until such time as revenue from oil and gas sales exceeds expenses we will continue to generate operating losses. At this time, it is unclear when we will generate sufficient oil and gas to offset our expenses.

Other Expense. During the three months ended June 30, 2005 we realized total other expense of $58,561 compared to total other expense $168,224 for the three months ended June 30, 2004. This decrease in other expense is largely attributable to $7,864 increase in realized gains on marketable securities, a $296,158 increase in unrealized gain on marketable securities and our realizing interest income of $9,138, partially offset by a $210,069 decrease in exchange gain resulting from fluctuations of foreign currency rates against the U.S. Dollar. Also during the three months ended June 30, 2005 we received approximately $5.2 million for securities sold during a private placement transaction completed on March 31, 2005. Therefore, at times during the quarter, we had funds that were not being used in operations that we invested in marketable securities. We anticipate the funds held in marketable securities will be used to fund our operations and therefore expect gains from marketable securities, both realized and unrealized, to decrease in upcoming quarters.

Net Loss. During the three months ended June 30, 2005 we realized a net loss of $537,802 compared to a net loss of $602,206 for the three months ended

June 30, 2004. This reduction in net loss is largely attributable to the significant increase in revenue resulting from increased oil and gas production during the quarter ended June 30, 2005. While our production and revenues are increasing, we will continue to realize net losses from operations until such time as revenues generated from oil and gas production and sales and other income offset our expenses. At this time, it is unclear when, or if, that may occur.

Liquidity and Capital Resources

Funding for our activities has historically been provided by funds raised through the sale of our common stock. From inception on May 6, 2003 through June 30, 2005, we have raised $44,437,719 through the sale of our common stock and proceeds from the issuance of convertible debt. As of June 30, 2005, we had cash and cash equivalents of $7,885,926. We anticipate our capital resources in the upcoming quarters will likewise consist primarily of funds raised in financing activities and revenue from the sale of oil and gas recovered during test production.

Our need for capital, in addition to funding our ongoing operations, is primarily related to the exploration and development of our properties as required under our contract, and the potential acquisition of additional oil and gas properties. For the period from inception on May 6, 2003 through June 30, 2005, we have incurred capital expenditures of $48,955,938 for exploration, development and acquisition activities.

Cash Flows
----------

        During the three months ended June 30, 2005 cash was primarily used to
fund exploration and development expenditures. We had a net decrease in cash and
cash equivalents of $2,103,706 during the quarter. See below for additional
discussion and analysis of cash flow.

BMB Munai will continue to do testing to determine more fully the production capabilities of the Dolinnoe-3 well. At the end of the testing period the Company will install additional equipment before the well will be placed into production.

BMB Munai is an independent oil and gas company engaged in the exploration, development and production of crude oil and natural gas in western Kazakhstan. The Company maintains administrative offices in Salt Lake City, Utah and Almaty, Kazakhstan.

   Contacts:
   In the US:         Adam R. Cook, Corporate Secretary
                      (801) 355-2227, E-mail: USoffice@bmbmunai.com

   In Kazakhstan:     Boris Cherdabayev, Chairman and CEO
                      +7 3272 588-517, E-mail: KZoffice@bmbmunai.com

The information contained in this release includes forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Certain statements contained herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied. Forward-looking statements involve risks and uncertainties, including but not limited to, risks described in the Company's periodic reports on file with the Securities and Exchange Commission.

finance.yahoo.com/q?s=BMBM.OB

www.russia4u.de/kaspi/body_kaspi.html  

   

BMB Munai.  Hauptaktionäre (Abramovich) von Sibneft wollen Berichten zufolge Mehrheitsbeteiligung erwerben

12 September 2005 11:41 GMT

Ich finde zwar keine News von BMB Munai, aber der Kurs von BMB steigt seit Ende September.
Heute geben sämtlich kasachische Ölförderer nach ausser BMB, + 4,5% in Frankfurt.

Hat jemand Infos? Auf der Page von BMB ist auch nichts zu finden.

n Aton's neusten Studie v. 6.10.05
wird BMBM von hold auf buy hochgestufft.Konservatives Target 8,83$.

Einige Auszüge daraus:

BMB Munai - very successful testing results at its Dolinnoye 3 well.
BMBM could become the largest publicy traded company in Kaz. in terms of 2P reserves and such likely to be the subject of strategic investor interest.
The valuation does not include the possibility of BMBM extending its reserve base nor does include its gas produktion and should thus be seen as conservative estimate.

www.siteboard.de/cgi-siteboard/board.pl?fnr=42183&read=837

Ein Aktionär von BMB Munai bestätigte gegenüber der Zeitung die Verhandlungen von Sibneft-Anteilseignern über den Kauf des Kontroll-Aktienpakets. Über den Preis gebe es allerdings noch keine Einigung. Dabei ist BMB Munai nicht das einzige in der Kaspi-Region aktive Unternehmen, dem die Aufmerksamkeit von Millhouse Capital gilt. Vermutlich sieht Millhouse die Region als einen Platz an, wo man in Russland erwirtschaftetes Geld anlegen kann. Außer Sibneft sind aber offenbar noch andere Unternehmen an BMB Munai interessiert. Eines davon ist die chinesische CNPC, die kürzlich 4,2 Mrd USD für PetroKasachstan bezahlt hat. Die Experten sind sich uneins darüber, ob der Kauf der amerikanischen Gesellschaft für Sibneft ein gutes Geschäft ist. So zählt der Chefanalytiker von „Aton“, Steven Dashevsky, BMB Munai zu den billigsten Unternehmen in der Kaspi-Region: ausgehend von ihrer Kapitalisierung kostet ein Barrel ihrer Vorräte drei USD, während der Verkauf von PetroKasachstan acht USD für das Barrel brachte. Andererseits führte das Geschäft zwischen CNPC und PetroKasachstan zu einem starken Anstieg der Aktien von BMB Munai - von 5,5 USD Ende Juli auf 7,7 USD Anfang September. Für den Fondsmanager von Prosperity Capital Management, Iwan Masalow, hingegen gehört BMB Munai zu den „überteuerten“ und er bezeichnet ihren Kauf zum Marktpreis als „einen unüberlegten Schritt“. Bislang habe die Gesellschaft lediglich zwei Ölquellen erschlossen, deren Fördermenge und Umsätze sehr gering seien. „Ich hätte keine 225 Mio USD für zwei Quellen bezahlt, wenn man sie selbst für 1,5 Mio USD aufbohren kann“, erklärte Masalow gegenüber „Wedomosti“. Abzuwarten bleibt nach Auffassung von Branchenexperten allerdings, inwieweit Gazprom als neuer Mehrheitsaktionär von Sibneft, die Pläne des ehemaligen Eigentümers Roman Abramowitsch uneingeschränkt weiterführt. DJG/roe/12.10.2005

www.aton.ru/en/news/...2&page=1&order=pubdate&type=publication

tolle wahl.

Grace, du fällst öfters auf, dass du recht agressiv ans Werk gehst, wenn jemand postet und du nicht der gleichen Meinung bist. Dafür erwartest du aber dann noch immer Antworten und Begründungen.
Wenn du dir mal die Kaspischen Explorer und Ölförderer anschauts haben die in der Anfangszeit (2-3 Jahre) immer geringe Umsätze, bis sie langsam ins laufen kommen. Brauchst nur den Chart mit Volumen von Dragon Oil anschauen. Bin damals, November 2004 noch bei geringen Umsätzen eingestiegen (war damals noch nicht bei Ariva) und hat mir einen schönen Gewinn beschert.
Wenn dir die Aktie zum daytrade oder Wochentrade nicht taugt, dann such dir halt was anderes. Ich sehe es auf Sicht von einem Jahr. Meiner Ansicht nach ist ein Boden bei 5 $ da und an manchen Tagen liegt das Volumen bei 500.000.

aber musst du denn eine empfehlung für eine aktie, die sich an einem charttechnischen widerstand befindet aussprechen ?
der gesamt markt toppte aus. bmb toppte aus. was erwartest du? wunder gibt es nicht.
er ölpreis fällt seit 4 wochen kontinuierlich.

lernen. Dein Hinweis, dass der Ölpreis seit 4 Wochen kontinuierlich fällt hat mich am meisten belustigt. Bevor Du hier so eine unreflektierte Meinung ohne das entsprechende Basiswissen verbreitest, solltest Du Dich besser informieren. Um Dir auf die Sprünge zu helfen ein kleiner Tipp. Manchmal macht es Sinn, bestätigte und wahrscheinliche Reserven mit dem heutigen Kursniveau eines Werte in Zusammenhang zu bringen. Ein bißchen Recherche, Geduld und das richtige Timing muss man allerdings auch noch aufbringen. Wenn Du den kurzfristigen 1000%-er suchst, versuchs mal mit Knock-Out oder OTC. Heul dann aber nicht rum, wenn Dein Taschengeld im Nirvana verschwindet.

Und jetzt noch ein ernstes Wort zu KTM. Ich finde es nicht gut von Dir, dass Du hier BMB vorstellst. Mir ist es lieber über solche Werte kein Wort zu verlieren. Langsam aber beständig ist mir lieber als die Fahnenstange.

Warum sollen solche Werte nicht vorgestellt werden?
Ich dränge keinem den Wert auf, im gegensatz zu anderen ID´s hier. Über BMB gibt es wenig Info´s und die versuche ich zusammen zutragen, dass man sich ein Bild darüber machen kann. Ich hoffe die Anleger hier sind erwachsen genug selbst einzuschätzen, welche Aktien sie sich ins Depot legen. Es muss jeder selbst einschätzen welches Risiko er eingeht. Es ist wohl ersichtlich, dass es sich um einen kleinen Ölwert mit geringer Marktkapitalisierung und noch kleinen Umsätzen handelt, dazu in einer politischen schwierigen Region.

Ich selber favorisiere Dragon Oil in der Region und BMB Munai macht nur einen sehr kleinen Anteil im Depot aus, wegen dem Risiko.

Im allgemeinen handhabe ich es mit Aktien, die von anderen vorgestellt, zum Kauf empfohlen werden, dass ich mich darüber hinaus selber informiere, auch in anderen Board´s und dann entscheide ob sie meiner Anlagestrategie und Risikoprofil zusagen. Blind irgend etwas zu kaufen mache ich grundsätzlich nicht oder verlasse mich auf irgendwelche Empfehlungen. Wobei ich immer froh bin, wenn manche hier eine Aktie ausgraben von denen es noch keine Infos gibt und sie zusammentragen.

Gruß KTM

rüber; war aber eher ironisch gemeint. Wäre auch schlimm wenn meine spaßige Denke Allgemeingut würde. Dann könnte ariva etc. dicht machen. Und wer hat noch nicht von einer Vorstellung eines anderen Boardmitgliedes profitiert? Um weiteren Mißverständnissen vorzubeugen sei noch erwähnt, dass die Ausführungen zu grace ernst gemeint sind.

Gruss n1608

Jo, hab´s verstanden. *g*  
Hab´s halt im ersten Moment ernst genommen, für bare Münze gehalten, kommt vor.

Ansonsten versuch ich soviel Infos zu einem Wert rein zustellen, wie ich finde, auch wenn es mal negative sind, die gehören meines erachtens auch dazu um einen Wert halbwegs objektiv betrachten zu können. Wobei bei solchen Aktien, wie ich schon erwähnt habe, immer ein politisches Risiko mit dabei ist und damit kein Wert ist den man halt man ins Depot legt und abwarten kann, bei dem entsprechenden politischen Wendungen kann es auch zu erheblichen Verlusten kommen.

Was andere daraus machen, ob sie es kurzfristig, mittelfristig oder langfristig sehen müssen sie selber entscheiden.

BMB Munai Says New Report Shows Increased Reserves at ADE Block    
          §BMB Munai, Inc.      Tuesday, November 15, 2005


BMB Munai says that following successful completion and initial testing of the new Dolinnoe-3 well, it commissioned Chapman Petroleum Engineers, Ltd., its independent petroleum engineering firm, to update its evaluation of the Company's oil and gas reserves on its ADE Block oil fields. Chapman Petroleum has completed its updated evaluation of the ADE Block reserves. According to the updated reserve evaluation, the Company's total gross proved reserves for the ADE Block has increased 1.1 million barrels of oil equivalent (BOE) to 42 million BOE. (In the reserve evaluation, gas is converted to BOE at a ratio of 6 mscf/Bbl.) Probable and possible reserves have also increased.

The Chapman Petroleum reserve evaluation was carried out in accordance with standards set out in the Canadian Oil and Gas Evaluation Handbook (COGEH), which is the "Practice Standard" for evaluation of oil and gas reserves for public disclosure in Canada.

www.rigzone.com/news/article.asp?a_id=26975

BMB Munai is an independent oil and gas company engaged in the exploration, development and production of crude oil and natural gas in western Kazakhstan. The Company maintains administrative offices in Salt Lake City, Utah and Almaty, Kazakhstan.

Contacts: In the US: Adam R. Cook, Corporate Secretary (801) 355-2227, E-mail: USoffice@bmbmunai.com In Kazakhstan: Boris Cherdabayev, Chairman and CEO +7 3272 588-517, E-mail: KZoffice@bmbmunai.com

The information contained in this release includes forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Certain statements contained herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied. Forward-looking statements involve risks and uncertainties, including but not limited to, risks described in the Company's periodic reports on file with the Securities and Exchange Commission.

www.finanznachrichten.de/...ichten-2005-12/artikel-5793110.asp

sie ist zwar vom Oktober, wurde aber erst jetzt für alle zur Verfügung gestellt.

www.russia4u.de/Aton/BMB_Munai_Oct_05__d_.pdf

Die P1 Reserven sind erheblich gestiegen, von 41 Mio Barrel auf über 80 Mio Barrel. Die Finanzierung der Erschliessung dieser Felder dürfte nun auch gesichert sein und die Fördermengen in Zukunft erheblich steigern.

We also note that following the SEC review, it will be increasingly possible to admit BMB's shares for trading on AMEX, which could potentially materially boost stock liquidity and valuation.von Aton Research 16.12.2005

          §  

The information contained in this release includes forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Certain statements contained herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied. Forward-looking statements involve risks and uncertainties, including but not limited to, risks described in the Company's periodic reports on file with the Securities and Exchange Commission.
BMB Munai, Inc.

CONTACT: US, Adam R. Cook, Corporate Secretary, +1-801-355-2227,
USoffice@bmbmunai.com, or Kazakhstan, Askar Tashtitov, Financial Analyst,
+7 3272 588-517, KZoffice@bmbmunai.com, both of BMB Munai, Inc.

news.corporate.findlaw.com/prnewswire/...05/05jan20061138.html

BMB Munai, Inc. Awards Drilling Contract to Great Wall Ltd.
Wednesday January 11, 3:03 pm ET

ALMATY, Kazakhstan, Jan. 11 /PRNewswire-FirstCall/ -- BMB Munai, Inc. (OTC Bulletin Board: BMBM - News) announced today that the Company has successfully completed negotiations and executed and agreement with Great Wall Ltd., a Chinese drilling company. According to Contract terms Great Wall Ltd. will deliver two drilling rigs with derrick load capacity of 450 and 150 tons respectively. In accordance with the Contract, Great Wall Ltd. will provide drilling services for a period of one year with an extension option. The Company plans to drill exploratory oil and gas wells in the Dolinnoe field, as well as complete horizontal/directional drilling at existing wells in the Dolinnoe Field using the services of Great Wall Ltd.

ADVERTISEMENT
Mr. Toleush Tolmakov, General Director of BMB Munai's operating subsidiary in Kazakhstan, stated, "We are pleased to secure the services of Great Wall Ltd. It was our desire to have two drilling rigs working in the Dolinnoe field at the beginning of January 2006. However, additional time has been required by Great Wall Ltd to obtain permits from the Republic of Kazakhstan customs office. It appears that Great Wall Ltd. will be ready to commence drilling activities in March 2006. Although these initial delays will prevent us from realizing our production goals at our fiscal year end in March 2006, we believe that during the term of our contract with Great Wall Ltd. we will be able to reach the higher production targets we have set for March 2007."

BMB Munai is an independent oil and gas company engaged in the exploration, development and production of crude oil and natural gas in western Kazakhstan. The Company maintains administrative offices in Salt Lake City, Utah and Almaty, Kazakhstan.

biz.yahoo.com/prnews/060111/law072.html?.v=39

24 January 2006, Tuesday
Contracts three drilling companies for ADE block

BMB Munai said it had contracted three drilling companies to conduct exploration drilling and workover operations at the ADE block. The drilling companies concerned are Kazakh businesses Kezbie and MangistauGeologia and Polish firm Oil and Gas Exploration Krakow. The move will speed up production growth at the field and the transfer of probable reserves into proven, BMB Munai said.

Our recommendation on BMB Munai shares is Buy with an end-2006 target price of $8.54.

research.aton.ru/themes/research/...lder=1542&matID=117525&a=0

Der Ausbruch wurde vollzogen und noch dazu ein ATH gesetzt. Das alles aber bei sehr dünnen Umsätzen, in Deutschland, wie an der NASDAQ.
Das ganze vollzog sich ohne besondere News, ich habe zumindest keine gefunden und bei einem rückläufigen Ölpreis in den letzten 3 Wochen.
Die meisten Kaspischen Ölfördere gaben im gleichen Zeitraum, parallel zum Ölpreis, ab.

BMB Munai is an independent oil and gas company engaged in the exploration, development and production of crude oil and natural gas in western Kazakhstan. The Company maintains administrative offices in Almaty, Kazakhstan and Salt Lake City, Utah.

The information contained in this release includes forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Certain statements contained herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied. Forward-looking statements involve risks and uncertainties, including but not limited to, risks described in the Company's periodic reports on file with the Securities and Exchange Commission.

The information contained in this release includes forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Certain statements contained herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied. Forward-looking statements involve risks and uncertainties, including but not limited to, risks described in the Company's periodic reports on file with the Securities and Exchange Commission.

werden sehr gut vom Markt aufgenommen und BMB Munai outperformed sämtliche Kasachische Ölförderer in den letzten 4 Wochen, trotz schwächerem Ölpreis.

BMB Munai is an independent oil and gas company engaged in the exploration, development and production of crude oil and natural gas in western Kazakhstan. The Company maintains administrative offices in Salt Lake City, Utah and Almaty, Kazakhstan.

The information contained in this release includes forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Certain statements contained herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied. Forward-looking statements involve risks and uncertainties, including but not limited to, risks described in the Company's periodic reports on file with the Securities and Exchange Commission.

bekannt. Das Förderfolumen soll in 2006 kontinuierlich erhöht werden und zu Marktpreisen verkauft werden. Eine ausfürhrliche Analyse zu BMB Munai von Aton.

www.russia4u.de/16BMBM_Feb06__d_.pdf

Ein aktualisierter Überblick über kleine und mittlere kaspische Ölförderer

www.russia4u.de/kaspi/body_kaspi.html

Mr. Kulumbetov noted, "The evaluation report designates these new discoveries as "resources" rather than "reserves" because under applicable reserve reporting rules a structure must be penetrated by a wellbore before any evaluations may designate either proved, probable or possible reserves with required certainty in any structure on the territory. We have previously announced that we are currently drilling our first well in the Kariman structure on the extended license territory. The drilling will be completed within the next month after which we will complete and begin testing of each interval of the well. We are also scheduled to drill one well in the Borly structure and one well on the Yessen structure. We expect that success in any of these wells will further increase our reportable reserves."

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only "proved reserves" that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release to refer to oil and gas "resources" that the SEC's guidelines strictly prohibit us from including in filings with the SEC. Estimates of "resources" are by their nature more speculative than estimates of "reserves" and accordingly are subject to substantially greater risk of not being realized by the Company. U.S. investors are advised of the fact that our annual report on Form 10-KSB filed for the year ended March 31, 2005 estimate of proved reserves has undergone review by the SEC and is expected to be revised to approximately 13.1 million barrels "proved" reserves in compliance with SEC disclosure standards. Also, U.S. investors are cautioned that future filings with the SEC will only contain proved reserve estimates that according to the standards established by the SEC. Interested investors can obtain a copy of an SEC filing from us upon request by writing to BMB Munai, Inc. at 324 South 400 West, Suite 250 Salt Lake City, Utah 84101. You can also obtain this form from the SEC by calling 1-800-SEC-0330.

BMB Munai is an independent oil and gas company engaged in the exploration, development and production of crude oil and natural gas in Western Kazakhstan. The Company maintains administrative offices in Salt Lake City, Utah and Almaty, Kazakhstan.

Contacts: In the US: Adam R. Cook, Corporate Secretary (801) 355-2227, E-mail: USoffice@bmbmunai.com In Kazakhstan: Daniyar Uteulin, Vice President for Investor Relations +7 (3272) 375-125, E-mail: KZoffice@bmbmunai.com

The information contained in this release includes forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Certain statements contained herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied. Forward-looking statements involve risks and uncertainties, including but not limited to, risks described in the Company's periodic reports on file with the Securities and Exchange Commission.

The Company stated that the decision to commence the gas utilization project at the current time is a further step toward transitioning BMB Munai from the exploration stage to the production stage under its license agreement. The Company has received written confirmation from the deputy governor of the Mangistau region that there is a ready market for natural gas in the region.

BMB Munai is an independent oil and gas company engaged in the exploration, development and production of crude oil and natural gas in Western Kazakhstan. Company maintains administrative offices in Salt Lake City, Utah and Almaty, Kazakhstan.

The information contained in this release includes forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Certain statements contained herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied. Forward-looking statements involve risks and uncertainties, including but not limited to, risks described in the Company's periodic reports on file with the Securities and Exchange Commission.

aber eine Aktie in meinem Depot die sich die letzten Tage noch gut gehalten hat. :-)

Laut Aton 60 % Chance ... rebound könnte bevorstehen ... höhere Umsätze ...

Schrott? Stimmt, bestimmt meinst su deine Postings ...

... motzt du jetzt weil ich dir 2 schwarze verpasst habe ?

HAHAHAHAHA !

Hier noch jemand investiert?? Bei einem steigenden Ölpreis wird die Aktie wohl wieder steigen oder ?!?!

www.reuters.com/finance/stocks/...rofile?rpc=66&symbol=KAZ
Gruß