/KASE, October 31, 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 October 28, 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 third quarter
and nine months ended 30 September 2022.
9M 2022 Highlights:
Operational
- Daily production after treatment averaged 13,684 boepd (9M 2021: 17,532
boepd).
- Daily sales volumes averaged 12,780 boepd (9M 2021: 15,838 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 starting from Q4 2023.
- 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 prioritise the safety of all staff and contractors as
well as focussing on running sustainable operations.
unquote
The full press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_281022.pdf – in Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_281022_en.pdf – in English.
[2022-10-31]