/KASE, November 16, 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 November 16, 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 in respect of the nine-month period ending 30 September
2021.
Highlights:
Financial
- Revenues up 5.0% year-on-year to US$142.7 million (9M 2020: US$135.8
million).
- Net operating cashflows up 25.6% year-on-year to US$85.4 million (9M 2020:
US$68.0 million).
- EBITDA up 39.6% year-on-year to US$84.1 million (9M 2020: US$60.3 million)
with EBITDA margin expanding to 58.9% (9M 2020: 44.4%).
- Closing cash for the period increased by US$63.5 million to US$142.1 million
(December 31, 2020: US$78.6 million). Cash excludes US$22.6 million held in
a secure account under the terms of the Forbearance Agreements.
- We continue to accrue interest on the 2022 and 2025 loan notes, but no
interest has been paid on the loan notes since February 2020 (see Bond
Restructuring below).
- Continued focus on cost optimisation to help manage the Company's liquidity.
unquote
The full version of the press release is available on KASE website:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_161121_1.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_161121_eng_1.pdf – in
English.
[2021-11-16]