/KASE, July 31, 2023/ – Zhaikmunai LLP (Oral), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release dated July 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 second quarter and six months ended 30 June 2023.
H1 2023 Highlights:
Operational
- Daily production after treatment averaged 10,048 boepd (H1 2022: 14,167
boepd).
- Daily sales volumes averaged 9,020 boepd (H1 2022: 13,102 boepd).
- Following the end of the reporting period, the Group completed the
acquisition of an 80% interest in Positiv Invest LLP, which holds the subsoil
use right for the Stepnoy Leopard Fields. Management estimates that the
Stepnoy Leopard Fields hold between 50 mmboe and 150 mmboe of
recoverable volumes which are considered contingent resources, with over
20% estimated to be liquids. The Company will launch an appraisal
programme with the intention of preparing a technical expert's report which
could allow re-classification of certain of the hydrocarbon resources into
reserves.
- The Group successfully launched the expansion of its Gas lift system with the
new compressor doubling its capacity and helping to slow down production
decline from its maturing Chinarevkoye field. The initial production gains
exceed management's expectations and further updates on production
guidance will be provided as part of Q3 2023 operational update.
- The GTU-3 restart is progressing as per plan with wet gas introduction
expected during H2 2023, following which all gas is planned to be processed
through the 3rd train of the gas treatment unit to assess its efficiency.
- The Group continues its well and reservoir management strategy through well
workovers and rigless well intervention in 2023.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/ZHMN/zhmn_relizs_280723.pdf – in Russian;
-
https://kase.kz/files/emitters/ZHMN/zhmn_reliz_280723_en.pdf – in English.
[2023-07-31]