/KASE, March 25, 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 March 11, 2021:
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 that Ryder Scott has
completed its audit of the reserves of Nostrum. A copy of the Ryder Scott audit
report (the ‘Report’) can be found on the Nostrum website at
www.nog.co.uk.
The audit has confirmed the management estimates of the Chinarevskoye reserve
volumes at 31 December, 2020, previously announced by the Company on 29
January 2021. Those volumes are the total 2P (Proven plus Probable) reserves at
31 December 2020 of 39 mmboe (being gross reserves of oil & condensate and
plant products per the Report plus gas reserves converted into oil equivalent
using 5.327 mcf per boe), the 1P (Proven) case at 28.9 mmboe, comprising 27.7
mmboe for Proved Developed Producing (PDP) from 45 current wells and 1.2 mmboe
in the Proved Undeveloped (PUD) category (again converting gas reserves into
oil equivalent using 5.327mcf per boe). In addition, the audit has confirmed
Chinarevskoye contingent resources of 146 mmboe.
The Ryder Scott audit also confirmed management estimates of the
Rostoshinskoye contingent resources at 31 December, 2020 of 31 mmboe.
unquote
The full press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_110321_1.pdf – in Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_110321_eng_1.pdf – in
English.
[2021-03-25]