/KASE, June 24, 2019/ – NOSTRUM OIL & GAS PLC (United Kingdom), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with a
communiqué of June 24, 2019:
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 that is has agreed,
subject to certain conditions, to acquire 50% of Positive Invest LLP ("Positive Invest"),
which holds the subsoil use rights to the Stepnoy Leopard licences in North
Western Kazakhstan, for US$500,000. Nostrum has the right to buy the remaining
50%, subject to the satisfaction of certain additional conditions, at a price
of US$0.27 cent per boe of proven and probable reserves. The acquisition of
100% of Positive Invest is referred to in this announcement as the
"Proposed Acquisition".
unquote
The full version is available on –
http://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_240619_2.pdf
[2019-06-24]