/KASE, January 28, 15/ – NOSTRUM OIL & GAS PLC (London), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE with
the following press-release:
quote
... today announces its operational update for the Fourth Quarter and Full Year
ended 31 December 2014. This update is being issued in advance of the release of
its audited and consolidated accounts for the same period. The information
contained in this update remains subject to review by the independent auditors.
Highlights:
Financial
- Revenue expected to be in excess of US$770m
- Cash position in excess of US$400m (including short-term deposits) and net
debt of approximately US$560m
- Fully funded capex programme both to maintain current production in 2015
and 2016 and complete construction of the GTU3 in 2016 at a breakeven oil
price of US$31
- 32% of liquids production (7,500 bopd) hedged at US$85 until February 2016
unquote
The full press-release is available on KASE website in Russian at
http://www.kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_280115.pdf
[2015-01-28]