/KASE, June 24, 2019/ – Zhaikmunai (Uralsk), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has informed KASE as follows:
quote
Zhaikmunai, a subsidiary of Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or "the
Company", and together with its subsidiaries "the Group"), an independent oil
and gas company engaged in the production, development and exploration of oil and
gas in the pre-Caspian Basin, today announces that Nostrum 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 (in Russian) at –
http://kase.kz/files/emitters/ZHMN/zhmn_reliz_240619_1.pdf
[2019-06-24]