/KASE, August 16, 2022/ – NOSTRUM OIL & GAS PLC (United Kingdom), whose
shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press release dated August 16, 2022:
quote
Nostrum Oil & Gas PLC (LSE: NOG) ("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 announces its financial results in respect of the second quarter
and six months ended 30 June 2022.
Nostrum's management team will present the H1 2022 Results and will be available
for a Q&A session with analysts and investors today, 16 August 2022, at 2pm UK
time. If you would like to participate in this call, please register by
clicking on the following link and following instructions: Results Call
H1 2022 Highlights:
Financial
- Revenues of US$107.8m (H1 2021: US$92.3m) against average realised Brent oil
price of US$104.7/bbl (H1 2021: US$65.2/bbl).
- EBITDA1 of US$68.8m (H1 2021: US$52.8m) with EBITDA1 margin of 63.8% (H1
2021: 57.2%).
- Closing unrestricted cash as at 30 June 2022 of US$208.7m (31 March 2021:
US$180.8m). US$22.7m remains held in a restricted account as at 30 June 2022.
- Continued focus on cost optimisation to help manage our liquidity. Targeting
US$45.5m for operating and general & administrative expenses for FY2022.
unquote
The full press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_160822.pdf – in Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_160822_en.pdf – in English.
[2022-08-16]