/KASE, March 13, 2023/ – 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 March 10, 2023:
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 that is has agreed,
subject to certain conditions, to acquire 80% of Positive Invest LLC ("Positive
Invest"), which holds the subsoil use right to the contract No. 25for estimation,
development and production of hydrocarbons for the area "Kamenskoe" and the
development area "Kamensko-Teplovsko-Tokarevskoe" (the "Stepnoy Leopard Fields")
in the West Kazakhstan region of the Republic of Kazakhstan dated 3 March 1995
(as amended from time to time) (the “Positive Invest Contract”), for US$20
million (less a modest amount of debt owed to Nostrum Oil & Gas Coöperatief U.A)
(the "Proposed Acquisition").
unquote
The complete press release is available on KASE website:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_100323.pdf – in Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_%20100323_en.pdf – in
English.
[2023-03-13]