/KASE, June 24, 2019/ – NOSTRUM OIL & GAS PLC (United Kingdom), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with a
communiqué of June 24, 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, announces that its Board has commenced a
strategic review to optimise its value and that of its assets, together with
the consideration of appropriate sources of finance required to pursue the
range of growth opportunities available to it.
The Company has also announced today that it has entered in to an agreement
to acquire 50% of Positive Invest LLP, the owner of the Stepnoy Leopard
licences. Management estimates that the Stepnoy Leopard licences could hold
up to 452 mmboe of in place volumes, and up to 200 mmboe of Contingent
Resources of which over 20% are estimated to be liquids. The licences are
located within 60km-120km of the Company's infrastructure. Nostrum has the
right to acquire a further 50% of Positive Invest LLP subject to certain
conditions being met by the sellers. This acquisition secures additional
undeveloped, material gas condensate resource that can be processed through
Nostrum's infrastructure in the future.
unquote
The full version is available on –
http://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_240619_1.pdf
[2019-06-24]