/KASE, October 29, 2019/ – Zhaikmunai (Oral), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release of October 29, 2019:
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 Nostrum's operational update in
respect of the nine-month period ending 30 September 2019. This update is
being issued in advance of the release of Nostrum's consolidated accounts for
the same period.
Highlights:
Operational
- GTU3 technical commissioning complete
- Wells 42 & 41 tested without commercial flows of hydrocarbons
- Well 361 drilling complete and testing commenced
- 9M 2019 average production after treatment of 28,877 boepd
- 9M 2019 average sales volumes of 27,515 boepd
- Schlumberger and PM Lucas reports delivered to the Company
- Extended licences for the Rostoshinskoye and the Chinarevskoye fields
Financial
- Revenues expected to be in excess of US$250 million (9M 2018: US$311.4
million)
- Cash position in excess of US$91 million (H1 2019: US$120.8 million)
- Total debt expected not to exceed US$1,113 million and net debt expected
not to exceed approximately US$1,022 million as at 30 September 2019
unquote
The full press release is available on KASE website:
-
http://kase.kz/files/emitters/ZHMN/zhmn_reliz_291019_1.pdf – in Russian;
-
http://kase.kz/files/emitters/ZHMN/zhmn_reliz_291019_eng_1.pdf – in English.
[2019-10-29]