BMB Munai Completes Dolinnoe-6

BMB Munai, Inc. said Tuesday that drilling of the Dolinnoe-6 well has been completed. The well was spudded in August 2006 and is the third well drilled by the Company on the Dolinnoe field.

Drilling continued beyond the initial target completion date in order to drill through the full Middle Triassic layer that extended beyond earlier estimates made by the Company. The well was drilled to a total depth of 3,883 meters. The well completion activities will be subcontracted to Burgylau LLP. The Company expects well completion to conclude by mid-February. The well will then be tested for a period of up to three months, during which time some test oil production should be realized. However, stable production estimates will not be available until conclusion of the testing period.

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.