/KASE, October 11, 2019/ – Zhaikmunai (Oral), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release dated October 11, 2019:
Zhaikmunai LLP, a subsidiary of Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or
"the Company", together with 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 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 at