News 2013
August 2013Tastobe Resources
On August 19th the first financial statements of the newly established oil and gas company Tastobe Resources, specifying the cost of exploration and evaluation assets in the amount of 1.484 billion KZT, was published. The company was incorporated in October 2012 by Arman Zhetpisbayev , the voluntarily resigned Mayor of Shymkent (30% share) and his brother (70% directly and indirectly).
On December 27, the company obtained a license No. 3878 from the Ministry of Oil and Gas of the Republic of Kazakhstan, which authorizes the contract for exploration and use of mineral resources in the Tastobe area, Mangystau region, which was formerly owned by the Arna Petroleum LLP (affiliated with Zhetpisbayev brothers).