/KASE, March 27, 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
... today announces its operational update for the Quarter ended 31 March
2015. This update is being issued in advance of the release of its audited and
consolidated accounts for the same period, which will be released by 28 May
2015. The information contained in this update remains subject to review by the
independent auditors.
Highlights:
Financial
- Revenue expected to be in excess of US$ 100m
- Cash position in excess of US$300m (including short-term deposits) and
net debt of approximately US$632m
- Fully funded capex programme both to maintain current production in 2015
and 2016 and complete construction of GTU3 in 2016 at a breakeven oil price of
US$31
- 32% of liquids production (7,500 bopd) hedged at US$85 until February 2016
unquote
The full press-release is available on KASE website at:
http://www.kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_300415_.pdf
http://www.kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_300415_en.pdf
[2015-04-30]