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Nostrum Oil & Gas PLC (NOGN.L)

NOGN.L on London Stock Exchange

247.00GBp
10:30am BST
Change (% chg)

-0.50 (-0.20%)
Prev Close
247.50
Open
248.50
Day's High
249.00
Day's Low
246.00
Volume
75,103
Avg. Vol
330,451
52-wk High
416.00
52-wk Low
166.40

Latest Key Developments (Source: Significant Developments)

Nostrum Oil & Gas Reports HY Revenue Of 191.5 Mln Dollars Vs 210 Mln Dollars
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Nostrum Oil & Gas PLC ::HY REVENUE OF US$191.5 MILLION (H1 2017: US$210.0 MILLION).HY NET OPERATING CASH FLOWS(1) OF US$99.9 MILLION (H1 2017: US$116.8 MILLION).HY EBITDA MARGIN OF 59.1% (H1 2017: 57.4%).FOLLOWING LOSS OF FIRST PRODUCTION WELL IN Q1 WE EXPECT SALES VOLUMES TO AVERAGE 32,000 BOEPD FOR YEAR.TOTAL DEBT OF US$1,127.9 MILLION AND NET DEBT OF US$1,000.2 MILLION AS AT 30 JUNE 2018.H1 2018 AVERAGE PRODUCTION AFTER TREATMENT OF 32,524 BOEPD.H1 2018 AVERAGE SALES VOLUMES OF 29,886 BOEPD.WELL 201 ON LINE AS OF 30 JULY WITH CURRENT PRODUCTION OVER 1,000 BOEPD.WELL 40 PRODUCING STABLE VOLUMES AVERAGING OVER 1,500 BOEPD SINCE EARLY JULY.CURRENT SALES VOLUMES IN EXCESS OF 32,500 BOEPD.POSITIVE RESULT ON DEEPENING OF WELL 40 IN NORTHERN AREA OF FIELD.NEWLY DRILLED WELL 201 ALSO CAME ON LINE IN BISKI NORTH EAST RESERVOIR.SIGNED BINDING AGREEMENT WITH UOG TO PURCHASE AND PROCESS THEIR HYDROCARBONS FROM ROZHKOVSKOYE FIELD..IN FINAL STAGES TO ACHIEVE COMPLETION OF GTU3 BEFORE END OF 2018.PRODUCTION GUIDANCE REMAINS IN LINE WITH OUR Q1 RESULTS UPDATE.LONGER-TERM GUIDANCE OF BEING ABLE TO FILL BOTH OUR GAS PLANTS ONCE GTU3 IS COMPLETE REMAINS.  Full Article

Nostrum Oil & Gas Reports Qtrly Revenue Of $94.8 Million
Tuesday, 22 May 2018 

May 22 (Reuters) - Nostrum Oil & Gas PLC ::QTRLY REVENUE OF $94.8 MILLION VERSUS $111.9 MILLION IN Q1 2017.SAYS Q1 2018 AVERAGE PRODUCTION AFTER TREATMENT OF 32,946 BOEPD.SAYS Q1 2018 AVERAGE SALES VOLUMES OF 30,874 BOEPD.  Full Article

Nostrum Oil & Gas Reports FY Revenue Of $405.5 mln
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Nostrum Oil & Gas Plc ::‍FY REVENUE OF US$405.5 MILLION (2016: US$348.0 MILLION)​.FY ‍EBITDA OF US$232.0 MILLION (2016: US$194.0 MILLION)​.‍2017 AVERAGE DAILY SALES VOLUMES OF 37,844 BOEPD (2016: 39,043 BOEPD)​.  Full Article

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

UPDATE 1-Revenue dips at Kazakh-focussed oil firm Nostrum

Aug 21 Nostrum Oil & Gas Plc reported an 8.8 percent drop in first-half revenue on Tuesday as it strove to stabilise production from two of its wells and complete a gas treatment plant in Kazakhstan.