NOSTRUM OIL & GAS PLC (United Kingdom) announces results of independent reserves audit of licenses as of December 31, 2014

20.02.15 16:35
/KASE, February 20, 15/ – NOSTRUM OIL & GAS PLC (London), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE with the following press-release: quote Nostrum Oil & Gas PLC... today announces the results of the independent reserves audit of its licenses in north-western Kazakhstan as at 31 December 2014. Highlights from the 2014 Ryder Scott Reserves report: - Proved reserves (1P) at 192.2mm boe - Production of approximately 21mm boe since the last report, with a proven reserve replacement ratio of over 65% - Proved + Probable reserves (2P) remained above 550mm boe at 571.1mm boe (2013: 582mm boe). The reduction was primarily a result of production exceeding Proved + Probable reserves (2P) growth. - The 3 additional licenses’ reserves have remained unchanged at 98.2mm boe unquote The full version of the press-release is available on KASE website at: - http://www.kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_200215.pdf – in Russian; - http://www.kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_200215_e.pdf – in English. [2015-02-20]