/KASE, August 25, 2021/ – NOSTRUM OIL & GAS PLC (United Kingdom, shares
KASE official list) has provided KASE with the following press release dated
August 25, 2021:
Update regarding subsoil use contracts 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 the disposal of its rights and obligations under the
subsoil use contract for the Rostoshinskoye field.
The exploration period under the contract for the field is due to expire on 16
August 2022 and the Company decided that disposal of its interest in the field
was the most cost-effective option for the Company. Reserves of 31.3 million
barrels of oil equivalent in respect of the field were classified as contingent
resources as at 31 December 2020.
Full version of the press release is posted on KASE website at
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_250821_eng_1.pdf.
[2021-08-25]