/KASE, August 22, 2018/ – Zhaikmunai (Uralsk), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has provided the KASE with press release dated
August 21, 2018, which states as follows:
quote
Zhaikmunai LLP, a subsidiary of Nostrum Oil & Gas PLC (“Nostrum” or “the
Company” and together with its subsidiaries “the Group”) 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 financial results in respect
of the six-month period ending June 30, 2018.
Highlights:
Financial:
- Revenue of USD191.5 mln (First half of 2017; USD210.0 mln).
- Net operating cash flows USD99.9 mln (first half of 2017; USD116.8 mln)
- EBITDA USD113.2 mln (First half of 2017: USD120.6 mln).
- EBITDA margin was 59.1% (First half of 2017: 57.4%)
- The cash balance for the period was $ 127.6 million (Q1 2018: $ 132.3
million).
- Total debt is USD1,127.9 mln and net debt is USD1,000.2 mln, as of June 30,
2018
Operating indicators:
- Average daily production in the first half of 2018 after processing amounted
to 32,524 barrels of oil equivalent per day
- Average daily sales volumes for the first half of 2018 were 29,886 barrels of
oil equivalent per day
- Well 201 was put into operation as of July 30, with a current production
level of more than 1000 barrels of oil equivalent per day
- Well 40 produces stable volumes with an average of 1500 barrels of oil
equivalent per day from the beginning of July
- Current sales exceed 32,500 barrels of oil equivalent per day
unquote
Full version of the press release is posted on the KASE website (in Russian):
http://kase.kz/files/emitters/ZHMN/zhmn_reliz_210818_1.pdf
[2018-08-22]