/KASE, October 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 October 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 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/GB_NTRM/gb_ntrm_reliz_291019_1.pdf – in Russian;
-
http://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_291019_eng_1.pdf – in
English.
[2019-10-29]