Zhaikmunai says NOSTRUM OIL & GAS PLC (United Kingdom) started strategic review to optimize value of the company and assets

24.06.19, 15:35
/KASE, June 24, 2019/ – Zhaikmunai (Oral), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote Zhaikmunai LLP, subsidiary of Nostrum Oil & Gas PLC ("Nostrum" or "Company", together with subsidiaries – "Group"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, announces that its Board has commenced a strategic review to optimise its value and that of its assets, together with the consideration of appropriate sources of finance required to pursue the range of growth opportunities available to it. unquote More details are available on KASE website – http://kase.kz/files/emitters/ZHMN/zhmn_reliz_240619_2.pdf [2019-06-24]