/KASE, November 22, 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 November 22, 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 financial results in respect of the third quarter
and nine months ended 30 September 2022.
Nostrum's management team will present the 9M 2022 Results and will be available
for a Q&A session with analysts and investors today, 22 November 2022, at 2pm
UK time. If you would like to participate in this call, please register by
clicking on the following link and following instructions: Results Call
9M 2022 Highlights:
Financial
- Revenues of US$155.5m (9M 2021: US$142.6m) against average Brent oil price of
US$102.5/bbl (9M 2021: US$67.9/bbl).
- EBITDA1 of US$94.9m (9M 2021: US$84.1m) with EBITDA1 margin of 61.0% (9M
2021: 58.9%).
- Closing unrestricted cash as at 30 September 2022 of US$210.2m (30 June 2022:
US$208.7m).
- US$22.7m remains held in a restricted account as at 30 September 2022.
- Continued focus on cost optimisation to help manage our liquidity. Targeting
US$45.5m for operating and general & administrative expenses for FY2022.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_221122.pdf – in Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_221122_en.pdf – in English.
[2022-11-22]