Zhaikmunai announces results of financial operations of Nostrum Oil & Gas PLC for 2014

26.03.15 11:38
/KASE, March 26, 15/ – Zhaikmunai LLP (Oral), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of March 25, 2015: quote Zhaikmunai LLP, subsidiary of Nostrum Oil & Gas PLC ("Nostrum" and together with its subsidiaries the "Group"), today publishes financial results of company Nostrum and the Group for twelve months, ending December 31, 2014, together with the Annual report for 2014. Nostrum is an independent oil and gas company, carrying out production, development and exploration of oil and gas fields in the Caspian sea region in the north-west of Kazakhstan. Main performance indicators of the Group - Total production of 16.2 mboe (2013:16.9 mboe) - Stable average production of 44,400 boepd for 2014 - 2P reserves at 571.1 mboe as at 31 December 2014 - Revenue of US$782m (2013: US$895m) - EBITDA of US$495m1 (2013: US$551m) - EBITDA margin remains steady at 63% (2013: 62%) - Net income of US$146m (2013: US$220m) - US$400m2 in cash and cash equivalents as at 31 December 2014 - Dividend of US$0.27 per Ordinary share proposed by the board for 2014. unquote The full press-release is available on KASE website in Russian at http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_250315.pdf [2015-03-26]