/KASE, July 30, 2019/ – NOSTRUM OIL & GAS PLC (London), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided the KASE with the
following press release dated July 30, 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 preCaspian Basin, today announces its operational update in
respect of the six-month period ending 30 June 2019. 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:
Strategic
( Proposed acquisition of oil & gas assets in North West Kazakhstan
( Review of Strategic & Operational Options for Nostrum
Operational
( H1 2019 average production after treatment of 31,096 boepd
( H1 2019 average sales volumes of 29,210 boepd
( Drilling of wells 41 and 42 completed, with testing ongoing
Financial
( H1 2019 revenues expected to be in excess of US$174 million (H1 2018:
US$191 million)
( H1 2019 cash position in excess of US$120 million (Q1 2019: US$75.7 million)
( Total debt expected not to exceed US$1,133 million and net debt expected not
to exceed US$1,013 million as at 30 June 2019
unquote
Full version of the press release is posted on the KASE website:
-
http://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_300719_1.pdf – in Russian;
-
http://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_300719_eng_1.pdf – in
English.
[2019-07-30]