/KASE, June 2, 2023/ – Zhaikmunai LLP (Oral), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release dated June 2, 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, announces Nostrum's consolidated full year financial
results for the twelve months ended 31 December 2022 ("FY 2022"), together with
the publication of its 2022 Annual Report.
...
Financial
- FY revenues were US$199.7m against average 2022 Brent prices of
US$99/bbl (FY2021: revenues of US$195.3m, average Brent price of
US$71/bbl).
- EBITDA1 US$115.7m (2021: US$112.5m) and EBITDA1 margin of 58%
(FY2021: 58%).
- Exported crude oil and condensate have been facing large Urals discounts.
Starting from 2023, the Company has updated its off-take agreements which
should help reduce the discount and further strengthen the netbacks.
- Unrestricted cash position as at 31 December 2022 was US$233.6m
(FY2021: US$165.2m). US$31.0m remained as restricted cash as at 31
December 2022, including US$22.7m held in a restricted account under the
terms of the Forbearance Agreement.
- The Group continued focusing on its cost optimisation to help manage liquidity
by optimising FY 2022 operating costs and general administrative expenses
against the target of US$45.5 million.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/ZHMN/zhmn_relizs_020623.pdf – in Russian;
-
https://kase.kz/files/emitters/ZHMN/zhmn_reliz_020623_en.pdf – in English.
[2023-06-02]