/KASE, March 10, 2020/ – Zhaikmunai LLP (Oral), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the
following press release of March 9, 2020:
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 provides Nostrum’s update on its
agreements to process UOG gas.
Nostrum has been informed by UOG that its delivery of gas to Nostrum will be
delayed. UOG is currently working on a new timetable for delivery of gas to
Nostrum. Despite this delay, UOG management expressed full commitment to
deliver the gas before any penalties arise under the existing agreements, which
would require gas to be delivered before 9 April 2023. Nostrum will provide
further information when it receives further guidance from UOG regarding the
date for expected delivery of first gas.
Nostrum remains in discussion with other third parties regarding the processing
of gas through its infrastructure.
unquote
The full press release is available on KASE website:
-
https://kase.kz/files/emitters/ZHMN/zhmn_reliz_100320_1.pdf – in Russian;
-
https://kase.kz/files/emitters/ZHMN/zhmn_reliz_090320_en.pdf – in English.
[2020-03-10]