/KASE, April 27, 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 April 27, 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 its full year financial
results for the twelve months ending 31 December 2020, together with the
publication of the 2020 Annual Report for Nostrum and its subsidiaries taken as
a whole ("the Group").
2020 highlights:
Operational
- Average daily production after treatment for 2020 totalled 22,337 boepd (2019:
28,540 boepd) with average daily sales volumes for the year of 21,514 boepd
(2019: 26,626 boepd). This compares to our production and sales guidance for
2020 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. A similar targeted campaign for 2021
has already started.
- We continue our focus on ways to monetise spare capacity in the gas treatment
facility through processing third party volumes.
- Ryder Scott audited 2P reserves reduced to 39 mmboe as announced on 11
March 2021.
- On 8 October 2020, the Company announced the disposal of the Darinskoye
and YuzhnoGremyachenskoye licences.
unquote
The full press release is available on KASE website:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_270421_1.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_270421_eng_1.pdf – in
English.
[2021-04-27]