Edition:
United Kingdom

Nostrum Oil & Gas PLC (NOGN.L)

NOGN.L on London Stock Exchange

335.00GBp
19 Jan 2018
Change (% chg)

-3.50 (-1.03%)
Prev Close
338.50
Open
340.00
Day's High
340.00
Day's Low
332.00
Volume
347,633
Avg. Vol
318,875
52-wk High
535.00
52-wk Low
298.40

Latest Key Developments (Source: Significant Developments)

Nostrum Oil & Gas nine-month revenues rise to over $303 mln
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - NOSTRUM OIL & GAS PLC ::‍9M 2017 AVERAGE PRODUCTION OF 44,879 BOEPD​.‍Q3 2017 AVERAGE PRODUCTION OF 41,265 BOEPD​.‍9M 2017 AVERAGE SALES VOLUMES OF 39,600 BOEPD​.‍Q3 2017 AVERAGE SALES VOLUMES OF 36,635 BOEPD​.‍9M REVENUES IN EXCESS OF US$303 MILLION (9M 2016: US$241.5 MILLION)​.‍CASH POSITION IN EXCESS OF US$144 MILLION (H1 2017: US$97.5 MILLION)​.‍TOTAL DEBT OF US$1,057 MILLION AND NET DEBT OF APPROXIMATELY US$913 MILLION AS AT 30 SEPTEMBER 2017​.  Full Article

Nostrum says will not be possible to bring gas into GTU3 in 2017​
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Nostrum Oil & Gas Plc ::NOSTRUM OIL & GAS PLC - ‍DUE TO DELAYED DELIVERY OF SOME VALVES REQUIRED FOR GTU3 WITH GTU1&2 IT WILL NOT BE POSSIBLE TO BRING GAS INTO GTU3 IN 2017​.NOSTRUM OIL & GAS PLC - ‍PREVIOUSLY PLANNED THREE WEEK SHUT DOWN OF GTU1&2 HAS THEREFORE BEEN POSTPONED UNTIL AFTER WINTER PERIOD​.NOSTRUM OIL & GAS PLC - ‍SHUT DOWN AND TIE- IN OF GTU1&2 IS NOW SCHEDULED TO BE COMPLETED IN APRIL 2018​.NOSTRUM OIL & GAS PLC - ‍POSTPONEMENT OF GTU3 COMMISSIONING DOES MEAN THAT PRODUCTION GUIDANCE FOR FIRST SIX MONTHS OF 2018 WILL BE IMPACTED​.NOSTRUM OIL & GAS-NOT BE ABLE TO RAISE PRODUCTION ABOVE CURRENT CAPACITY OF 45,000 BOEPD; TARGET TO RAMP UP PRODUCTION TO 100,000 BOEPD BY 2020 UNCHANGED​.NOSTRUM OIL & GAS PLC - ‍TOTAL COST OF PLANT IS NOT IMPACTED BY DELAY TO TIE-IN AND COMMISSIONING AND REMAINS AT US$532 MILLION​.NOSTRUM OIL & GAS PLC - ‍COMPANY REMAINS FULLY FUNDED TO COMPLETE GTU3 AND RAMP UP PRODUCTION​.  Full Article

Nostrum Oil & Gas appoints Tom Richardson as CFO
Friday, 26 Aug 2016 

Nostrum Oil & Gas Plc : Appointment of new chief financial officer . Tom Richardson, currently group head of corporate finance, has been appointed as company's chief financial officer . Richardson succeeds Jan-Ru Muller, who steps down from board of company and as cfo with effect from such date .Says Tom Richardson's appointment effective from 1 september 2016.  Full Article

Photo

Kazakh tycoon wants Petropavlovsk ex-CEO back, sees M&A opportunities

ALMATY Kazakh businessman Kenges Rakishev, having bought a large stake in Petropavlovsk last month, says he wants to see Pavel Maslovskiy reinstated as chief executive of the Russian mid-sized gold producer.