/KASE, May 18, 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 May 18, 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 financial results for
the three months ending 31 March 2021.
Highlights:
Financial
- Q1 2021 revenues of US$46.2 million (Q1 2020: US$60.4 million).
- EBITDA1 of US$26.8 million (Q1 2020: US$31.7 million).
- EBITDA margin of 58.0% (Q1 2020: 52.5%).
- Closing cash as at 31 March 2021 was US$85.3 million (31 December 2020:
US$78.6 million). Closing cash as at 31 March 2021 and 31 December 2020
excludes cash held in a restricted account under the terms of a forbearance
agreement dated 23 October 2020 between the Company, together with certain
of its subsidiaries (the "Note Parties") and members of an ad hoc committee of
noteholders (the "AHG") (the "First Forbearance Agreement"). Cash held on the
restricted account as at 31 March 2021 was US$21.5 million (31 December
2020: $12.9 million).
- Total debt2 of US$1,209.8 million including accrued interest of US$100.1
million, net debt US$1,124.5 million as at 31 March 2021. Net debt position as
at 31 March 2021 does not take into account Restricted Cash.
unquote
The full press release is available on KASE website:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_180521_1.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_180521_eng_1.pdf – in
English.
[2021-05-18]