/KASE, March 27, 2018/ – NOSTRUM OIL & GAS PLC (London), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided the KASE with
press release dated March 27, 2018, which states as follows:
quote
Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or "the Company"), 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 full year financial
results for the twelve months ending 31 December 2017, together with the 2017
Annual Report for Nostrum and its subsidiaries taken as a whole (“the Group”).
2017 Financial and Operational highlights of the Group:
Financial
- Revenue of US$405.5 million (2016: US$348.0 million)
- EBITDA1 of US$232.0 million (2016: US$194.0 million)
- EBITDA margin of 57.2% (2016: 55.7%)
- Net operating cash flows2 of US$182.8 million (2016: US$202.1 million)
- Closing cash3 for the period of US$127.0 million (2017: US$101.1 million)
- Net debt of US$960.9 million (2016: US$857.9 million)
- Total debt of US$1,087.9 million (2016: US$959.1 million)
- Net debt / EBITDA ratio of 4.1x (2016: 4.4x)
- Operating costs of US$4.1/bbl (2016: US$3.7/bbl)
- Transport/boe cost reduced to US$4.8/bbl (2016: US$5.3/bbl)
- Nostrum pushed outstanding debt maturities to 2022 through a successful
refinancing campaign
- New hedging agreement entered into in January 2018 equal to 9,000 boepd with a
put strike price of US$60.0 until 31 December 2018
unquote
Full version of the press release is posted on the KASE website:
-
http://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_270318_1.pdf – in Russian;
-
http://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_270318_en.pdf – in English.
[2018-03-27]