/KASE, January 27, 2023/ – 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 January 27, 2023:
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 operational update in respect of the year ended 31
December 2022. This update is being issued in advance of the release of
Nostrum's annual consolidated accounts for the same period.
FY2022 Highlights:
Operational
- Daily production after treatment averaged 13,200 boepd (2021: 17,032 boepd).
- Daily sales volumes averaged 12,524 boepd (2021: 15,330 boepd).
- The Group continued to execute its well and reservoir management strategy
through well workovers and rigless well intervention in 2022.
- The Group has initiated a tie-back project, budgeted for c.US$5m of capital
expenditures, that will allow for the first ever third-party feedstock from
Ural Oil & Gas LLP ("Ural OG") to be received for treatment in the Group's
facilities that is expected to start in Q4 2023.
- The Directors are cognisant of the current and evolving sanctions list against
Russian individuals and entities and have ensured the Group has conducted
ongoing operations in compliance with these sanctions.
- The Group continues to prioritise the safety of all staff and contractors as
well as focussing on running sustainable operations.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_270123.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_270123_en_.pdf – in
English.
[2023-01-27]