/KASE, April 30, 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 30, 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 three months
ended 31 March 2021.
Highlights:
Operational
- Average daily production after treatment for Q1 2021 totalled 19,341 boepd
with average daily sales volumes for the quarter of 17,419 boepd. Production
guidance for the year is 17,000 boepd and 16,000 boepd, respectively.
- We remain extremely vigilant in respect of COVID-19. We continue to
implement stringent precautionary measures and we believe we have the
systems in place to monitor and manage the risks presented by the pandemic
in west Kazakhstan. To date, no production has been lost because of COVID-19.
- A well workover and well intervention programme started in April 2021. The
programme is currently for 6 workovers and up to 20 interventions with an
expected cost of US$7.3 million.
- We continue to focus on ways to monetise spare capacity in the gas treatment
facility through processing third party volumes.
unquote
The full press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_300421_1.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_300421_eng_1.pdf – in
English.
[2021-04-30]