/KASE, May 2, 2023/ – Zhaikmunai LLP (Oral), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release dated April 28, 2023:
quote
Zhaikmunai LLP, a subsidiary of Nostrum Oil & Gas PLC ("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 Nostrum’s operational update in
respect of the three months ended 31 March 2023.
Highlights:
Operational
- Daily production after treatment for Q1 2023 averaged 10,479 boepd (Q1 2022:
14,683 boepd).
- Daily sales volumes for Q1 2023 averaged 7,276 boepd (Q1 2022: 14,059
boepd). Oil inventory as at quarter-end totalled approximately 254,000 boe
which is expected to be sold in Q2 2023.
- The Group continues its well and reservoir management strategy through well
workovers and rigless well intervention in 2023.
- The Group is continuing to progress with a tie-back project, budgeted for
c.US$5m of capital expenditures. It 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 with an expected start in Q4 2023.
- The Group, whilst not itself a target of sanctions imposed in connection with
the conflict in Ukraine, continues to monitor the current and evolving lists
of individuals and entities who are subject to sanctions with a view to
compliance by the Group with all applicable sanctions and to ensuring that
the Group’s ongoing activities are not materially affected by such
sanctions.
- The Group continues to prioritise the safety of all staff and contractors as
well as focussing on conducting sustainable operations.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/ZHMN/zhmn_relizs_280423.pdf – in Russian;
-
https://kase.kz/files/emitters/ZHMN/zhmn_reliz_280423_en.pdf – in English.
[2023-05-02]