/KASE, January 29, 2019/ – NOSTRUM OIL & GAS PLC (London), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release of January 29, 2019:
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 operational update in
respect of the twelve-month period ending 31 December 2018. This update is being
issued in advance of the release of Nostrum’s consolidated accounts for the same
period. The information contained in this update remains subject to review by the
Company's independent auditors.
Highlights:
Operational
- FY 2018 average production of 31,254 boepd and sales volumes of 29,516
boepd
- Average January 2019 production of 32,963 boepd
- Mechanical completion of GTU3 achieved in December 2018
Financial
- FY 2018 revenues expected to be in excess of US$389 million (FY 2017:
US$405 million)
- FY 2018 cash position in excess of US$121 million (9M 2018: US$95 million)
- Total debt expected not to exceed US$1,130 million and net debt expected
not to exceed approximately US$1,009 million as at 31 December 2018.
unquote
The full press release is available on KASE website:
http://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_290119_en.pdf
[2019-01-29]