/KASE, July 18, 2024/ – Zhaikmunai LLP (Oral), whose bonds are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release dated July 17, 2024:
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, is pleased to provide Nostrum’s Competent Person's
Report (the "SL CPR") on the Stepnoy Leopard fields ("SL Fields") in which it
has an 80% working interest. The SL CPR, an independent third-party evaluation
of the reserves and resources of the SL Fields as at 1 January 2024, was
prepared by Xodus Group Limited ("Xodus").
Arfan Khan, Chief Executive Officer, commented:
"The SL CPR demonstrates the commercial viability and potential of the SL Fields
full-field development. In particular, as a satellite development to the
Chinarevskoye host-processing facilities and export infrastructure, we achieve
maximum capital efficiency that serves to strengthen the SL Fields economic
robustness whilst adding scale to our operating foot-print. With the Ural Oil &
Gas Rozhkovskoye field production already being processed, production from the
SL Fields will further improve materially the utilization of our world class
4.2 bcma gas processing facilities and the resulting cashflows (net Nostrum
NPV10 of approximately $220 million)".
unquote
The full version of the press release in Russian and English is available:
-
https://kase.kz/files/emitters/ZHMN/zhmn_information_170724_rus.pdf – in
Russian;
-
https://kase.kz/files/emitters/ZHMN/zhmn_information_170724.pdf – in
English.
[2024-07-18]