/KASE, July 28, 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 23, 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 provides an update on the agreements
that its wholly-owned subsidiary Zhaikmunai LLP ("Zhaikmunai") has with Ural
Oil & Gas LLP ("Ural OG"), pursuant to which Zhaikmunai will process gas and
liquid gas-condensate hydrocarbons from Ural OG's field (the "Agreements"). This
announcement follows the update on this subject issued by Nostrum on 9 March 2020.
Zhaikmunai and Ural OG have agreed to extend the deadline under the Agreements
for Ural OG's first delivery of gas and liquid gas-condensate hydrocarbons to
Zhaikmunai by approximately six months, from 9 April 2023 to 31 October 2023.
The extension was requested by Ural OG as a result of circumstances relating to
the COVID-19 pandemic.
Zhaikmunai and Ural OG have also agreed to co-operate in order to achieve first
deliveries as foreseen in the Agreements and in any case by the amended
deadline set out therein.
Further updates on the progress of the project, as well as the expected date for
first deliveries under the Agreements, will be provided when appropriate.
unquote
The full press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_230721_1.pdf – in Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_230721_eng_1.pdf – in
English.
[2021-07-28]