/KASE, August 2, 2023/ – Zhaikmunai LLP (Oral), whose bonds are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the
following press release dated August 1, 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 is pleased to announce that on 31 July 2023,
the Board of Directors of Nostrum approved an appraisal programme for the
Stepnoy Leopard fields.
The appraisal programme would allow re-classification of certain of the
contingent resources to proven reserves and help determine the commercially
viable development schemes. The scope of work consists of re-entering two wells
in the Teplovskoye reservoir, taking representative samples, and conducting
extended production well testing in both wells. Rig operations are expected to
start mid- September 2023.
The estimated cost of the appraisal programme is expected to be around US$6
million.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/ZHMN/zhmn_relizs_010823.pdf – in Russian;
-
https://kase.kz/files/emitters/ZHMN/zhmn_reliz_010823_en.pdf – in English.
[2023-08-02]