/KASE, January 29, 2021/ – NOSTRUM OIL & GAS PLC (United Kingdom),
whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated January 29, 2021:
quote
Nostrum Oil & Gas PLC (LSE: NOG) ("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 its operational update in respect of the year ending 31
December 2020. This update is being issued in advance of the release of
Nostrum’s annual consolidated accounts for the same period.
Highlights
Operational
- Average daily production after treatment for 2020 totalled 22,337 boepd with
average daily sales volumes for the year of 21,514 boepd. This compares to
our production and sales guidance of 21,000 boepd and 20,000 boepd,
respectively.
- COVID 19 remains of the utmost concern. Actions continue to be taken to
protect the safety of all staff and contractors and mitigate any impact on
operations. To date, no production has been lost because of COVID 19.
- As previously reported, drilling was halted for 2020. The successful workover
and well intervention activity, completed in August 2020, reduced the rate of
decline previously expected in the field.
- We continue our focus on ways to monetise 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.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_290121_1.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_290121_eng_1.pdf – in
English.
[2021-01-29]