/KASE, July 29, 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 July 29, 2022:
quote
Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or the "Company" and together
with its subsidiaries, the "Group"), 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 operational update in respect of the second quarter
and six months ended 30 June 2022.
H1 2022 Highlights
- Daily production after treatment averaged 14,167 boepd (H1 2021: 18,107
boepd).
- Daily sales volumes averaged 13,102 boepd (H1 2021: 16,249 boepd).
- The Group continues its well and reservoir management strategy through well
workovers and rigless well intervention in 2022. The programme proves to be
non-capital intensive and offers reasonable risk/reward in the absence of
drilling.
- The Group has initiated a tie back project, budgeted for c.US$5m of capital
expenditures, that will allow for the first ever third-party feedstock from
Ural Oil & Gas LLP ("Ural OG") to be received for treatment in the Group's
facilities by Q4 2023. This follows Ural OG's signing of a turnkey contract
for complex construction works with a contractor in relation to Ural OG's
Rozhkovsky Field Development Project.
- The Directors are cognisant of the current and evolving sanctions list against
Russian individuals and entities and have ensured the Group has conducted
ongoing operations in compliance with these sanctions.
- The Group continues to prioritize the safety of all staff and contractors as
well as focussing on running sustainable operations.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_290722.pdf – in Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_290722_en.pdf – in English.
[2022-07-29]