/KASE, October 11, 2019/ – NOSTRUM OIL & GAS PLC (London), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated October 11, 2019:
The Board of 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 updates the market
on the testing of Well 41 and recent licence extensions.
Following extensive testing on Well 41 in the Frasnian reservoir Nostrum has so
far been unable to sustain a commercial flow of hydrocarbons from the well. The
Company will now consider whether there are alternative approaches it can take
to perforate other reservoirs. The Company does not forecast any production
from this well in 2019.
The Company has obtained an extension of the Rostoshinskoye field subsoil use
contract for appraisal activity for a three-year period until 16 August 2022. In
addition, the Company has obtained an extension of the mining permit for the
Chinarevskoye field to include the northern area of the field, which permit is
valid for the duration of the licence.
The full press release is available on KASE website:
– in Russian;
– in English.