NOSTRUM OIL & GAS PLC announces extension of forbearance agreement

22.07.21 09:52
/KASE, July 22, 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 July 21, 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 agreement has been received from all the members of the informal ad hoc noteholder group to extend the expiry of the current forbearance agreement from 4 p.m. on 21 July 2021 to 4 p.m. on 25 August 2021. In connection with the extension of the forbearance agreement, the Company has agreed to pay into the secured account established in connection with the forbearance agreement an amount of US$1,116,990, equating to 9.9288 bps of the outstanding Notes. The restructuring work is progressing and the Company will make further announcements when appropriate. unquote The full press release is available on: - – in Russian; - – in English. [2021-07-22]