The budget was revised according to an annual exchange rate of 208 Tenge per US dollar, which would convert to $511 million, according to KMG EP.
However, based on Monday’s rate of 271 Tenge per US dollar, the new capex equates to $393 million.
Going against the market trend, KMG EP said on Monday that its 2015 capex is now expected to be 11 billion Tenge more than what it announced earlier this year due to the drilling of 57 additional wells in Kazkahstan.
According
