UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) December 14, 2004
Commission File Number 000-28638
BMB MUNAI, INC.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE 30-0233726
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(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) Number)
20A Kazibek Bi Street, Almaty, Kazakhstan
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(Address of principal executive offices)
480100
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(Zip Code)
+7 (3272) 58-85-17/47
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(Registrant's Executive Office Telephone Number)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities
Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
Item 1.01 Entry into a Material Definitive Agreement
On December 14, 2004, BMB Munai, Inc., received written notification
from the Ministry of Energy and Natural Resources of the Republic of Kazakhstan
that the Ministry had approved and finalized an amendment to the oil and gas
exploration license AI No. 1552 and Contract No. 482 for Exploration of
Hydrocarbons in Aksaz-Dolinnoe-Emir oil fields held by Emir Oil, LLP., ("Emir")
a wholly owned subsidiary of BMB Munai, Inc., extending the ADE Block licensed
territory by an additional 64,247 acres, (approximately 260 square kilometers.)
The additional territory is adjacent to the block currently licensed to Emir.
The amendment grants Emir the exclusive right to explore the additional
territory during the remaining term of the license, which expires in July 2007.
Pursuant to the terms of the amendment, Emir is required to spend a minimum of
$5,500,000 exploring and/or developing the extended territory, with a minimum of
$3,000,000 in exploration and/or development in 2006 and $2,500,000 in 2007.
Item 7.01 Regulation FD
On December 16, 2004, BMB Munai, Inc., issued a press release
disclosing the amendment to its license AI No. 1552 and Contract No. 482 for
Exploration of Hydrocarbons in the Aksaz-Dolinnoe-Emir oil fields. A copy of the
press release is furnished as Exhibit 99.01 to this report and incorporated
herein by this reference.
Item 9.01 Exhibit and Financial Statements
(a) Exhibits
99.01 Press Release of BMB Munai, Inc., dated December 16,
2004
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Current Report on Form 8-K to be signed on
its behalf by the undersigned hereunto duly authorized.
BMB MUNAI, INC.
Date: December 16, 2004 By: /s/ Alexandre Agaian
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Alexandre Agaian, President
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