/KASE, March 28, 2018/ – Zhaikmunai (Uralsk), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has provided the KASE with press release
dated March 27, 2018, which states as follows:
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 the full year financial results for the twelve
months ending 31 December 2017 of Nostrum and the Group, together with Nostrum’s
2017 Annual Report.
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/ZHMN/zhmn_reliz_270318_1.pdf – in Russian;
-
http://kase.kz/files/emitters/ZHMN/zhmn_reliz_270318_en.pdf – in English.
[2018-03-28]