/KASE, October 30, 2020/ – Subsidiary Organization VTB Bank (Kazakhstan) (Almaty),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the press release dated October 29, 2020 which states as
follows:
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 2020. This update is being
issued in advance of the release of Nostrum’s interim, condensed consolidated
accounts for the same period.
Highlights:
Operational
- COVID 19 is of utmost concern. Actions taken to protect the safety of all staff
and contractors and mitigate any impact on operations. In particular, stringent
testing and follow-up procedures are in place for all field personnel. To date,
no production has been lost because of COVID 19.
- 9M 2020 average production after treatment 23,129 boepd with average sales
volumes for the period of 22,269 boepd.
- As previously reported, drilling has been halted for 2020. The successful
workover and well intervention activity, completed in August 2020, has reduced
the rate of decline previously expected in the field.
- Continuing our focus on monetizing spare capacity in the gas treatment facility
through processing third party volumes.
- On 8 October 2020, the Company announced the disposal of the Darinskoye and
YuzhnoGremyachenskoye licences. Financial
unquote
Full version of the press release is available at:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_301020_1.pdf – in Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_301020_eng_1.pdf – in
English.
[2020-10-30]