NOSTRUM OIL & GAS PLC (United Kingdom) provides update on 2017 operating results

30.01.18 15:06
/KASE, January 30, 2018/ – NOSTRUM OIL & GAS PLC (London), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or "the Company"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces its operational update in respect of the twelve-month period ending 31 December 2017. This update is being issued in advance of the release of Nostrum's consolidated accounts for the same period. The information contained in this update remains subject to review by the Company’s independent auditors. Highlights: Operational - FY 2017 average production after treatment of 39,199 boepd - Q4 2017 average production after treatment of 34,285 boepd Financial - FY revenues expected to be in excess of US$400 million (FY 2016: US$348 million) - Cash position in excess of US$127 million (9M 2017: US$144 million) - Total debt expected not to exceed US$1,080 million and net debt expected not to exceed approximately US$950 million as at 31 December 2017 unquote The full press release is available on KASE website: - http://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_300118_1.pdf – in Russian; - http://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_300118_en.pdf – in English. [2018-01-30]