/KASE, July 18, 2023/ – Zhaikmunai LLP (Oral), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release dated July 17, 2023:
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 announces that Nostrum has completed the
acquisition of an 80% interest in Positive Invest LLP ("Positive Invest"), which
holds the subsoil use right to the contract No. 25 for estimation, development
and production of hydrocarbons for the area "Kamenskoe" and the development
area "Kamensko-Teplovsko-Tokarevskoe" (the "Stepnoy Leopard Fields") in the
West Kazakhstan region of the Republic of Kazakhstan dated 3 March 1995 (as
amended from time to time, the "Positive Invest Contract"). The purchase price
for the acquisition was US$20 million (less a modest amount of debt owed to
Nostrum Oil & Gas Coöperatief U.A.).
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/ZHMN/zhmn_relizs_170723.pdf – in Russian;
-
https://kase.kz/files/emitters/ZHMN/zhmn_reliz_170723_en.pdf – in English.
[2023-07-18]