/KASE, June 28, 2022/ – 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 June 28, 2022:
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, announces that it has been
informed by Ural Oil & Gas LLP (“Ural”) that Ural has signed a turnkey contract
for complex construction works with a contractor in relation to Ural’s
Rozhkovsky Field Development Project.
As previously announced, Nostrum’s wholly-owned subsidiary Zhaikmunai LLP
("Zhaikmunai") and Ural signed agreements in 2018 pursuant to which Zhaikmunai
will process gas from Ural’s Rozhkovsky Field (the "Agreements").
The Rozhkovsky Field is expected to start up production in the fourth quarter of
2023. The field will also be tied back remotely to Zhaikmunai's Chinarevskoye
Field processing facilities pursuant to the Agreements mentioned above. Nostrum
is currently carrying out the preparatory work necessary for it to process
Ural's gas at that time. The Company will provide further updates regarding the
project when appropriate.
Nostrum also notes that the Company is continuing its discussions with other
third parties regarding the processing of gas through Zhaikmunai’s
The full press release is available on KASE website:
– in Russian;
– in English.