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Share Price: 5.20

Bid: 5.20

Ask: 5.22

Change: -0.31 (-5.62%)

Spread: 0.02 (0.385%)

Open: 5.22

High: 5.22

Low: 5.20

Prev. Close: 5.52

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IN BRIEF: Nostrum launches new compressor despite Russia sanctions

Mon, 24th Jul 2023 10:27

Nostrum Oil & Gas PLC - London-based, Caspian Basin-focused independent oil and gas company - Celebrates "successful" launch of new compressor which is "doubling" its gas lift capacity at maturing Chinarevkoye field and reducing production decline there. Says start-up was completed in line with budget despite "significant delays" to delivery due to sanctions on Russia. Nostrum adds that "initial production gains exceed management's expectations".

Current stock price: 11.40 pence, up 7.6%

12-month change: Multiplied

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

21 Aug 2019 11:57

LONDON MARKET MIDDAY: Stocks Rally As Investors Eye US Fed Minutes

(Alliance News) - Modest gains at the start of Wednesday's session accelerated as the day progressed, with the FTSE 100 aided by a softer pound as UK Prime Minister Boris Johnson heads for a a

20 Aug 2019 08:43

Nostrum Oil & Gas Focused On Output As Revenue And Earnings Decline

(Alliance News) - Nostrum Oil & Gas PLC on Tuesday said it will continue to look to increase near-term production, as it reported a decline in interim revenue.Nostrum produced 31,096 of

30 Jul 2019 10:11

Nostrum Oil & Gas Continue To Consider Its Options After Solid Half

(Alliance News) - Nostrum Oil & Gas PLC is continuing to work on its strategic review, it said on Tuesday, following a first-half production performance in line with which operates in basin, a

24 Jun 2019 09:06

Nostrum Oil Evaluates Sale Options; Buys Assets In Kazakhstan

(Alliance News) - Nostrum Oil & Gas PLC on Monday said it is considering the sale of the company as part of a wider strategic review to optimise value and pursue available growth exploration a

4 Jun 2019 16:48

Nostrum Oil & Gas Shareholders Show Dissent Over Remuneration

LONDON (Alliance News) - Nostrum Oil & Gas PLC on Tuesday noted a "significant minority" of shareholders have rejected its remuneration report and policy.At the annual general

30 May 2019 14:16

Nostrum Oil & Gas Begins Hot Commissioning At Third Gas Treatment Unit

LONDON (Alliance News) - Nostrum Oil & Gas PLC on Thursday said it has started hot commissioning of its third gas treatment unit located in the pre-Caspian basin in north west stock was 4.3% a

28 May 2019 16:01

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 29 MayVectura GroupDP EurasiaCoca-Cola European PartnersXeros Technology 30

21 May 2019 10:08

Nostrum Oil & Gas Confident After "Solid" Start To 2019 Operationally

LONDON (Alliance News) - Nostrum Oil & Gas PLC on Tuesday reported a modest rise in quarterly sales volumes, leading to a similar rise in revenue and earnings.Sales volumes for the of a

26 Mar 2019 09:09

Nostrum Oil & Gas Posts Loss As Drilling Problems Lead To Impairment

LONDON (Alliance News) - A fall in oil sales volumes for Nostrum Oil & Gas PLC led to a decline in revenue, the company reported on Tuesday, while it has swung to a loss after an Nostrum on of

8 Mar 2019 11:13

Nostrum Oil & Gas Hires Ex-Shell Manager As Chief Operating Officer

LONDON (Alliance News) - Nostrum Oil & Gas PLC said on Friday it has appointed Robert Tinkhof as chief operating officer with immediate effect.He will be replacing Heinz Wendel, who has

28 Feb 2019 15:17

Nostrum Appoints Morgan As Alternative Director For Arrested Calvey

LONDON (Alliance News) - Nostrum Oil & Gas PLC on Thursday said it has approved an appointment of Ralph Tavakolian Morgan as an alternative director who may act for Non-Executive Director in a

18 Feb 2019 15:11

Moody's Cuts Nostrum's Corporate Family Rating To B3, Outlook Stable

LONDON (Alliance News) - Moody's Investors Service on Monday downgraded Nostrum Oil & Gas PLC's corporate family rating to B3 from B2, with a stable outlook.The ratings agency a

29 Jan 2019 10:44

WINNERS & LOSERS SUMMARY: Royal Mail And Domino's Fail To Deliver

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------DS up the

29 Jan 2019 09:51

Nostrum Oil & Gas Expects 2018 Revenue Slip On Lower Oil Output

LONDON (Alliance News) - Nostrum Oil & Gas PLC on Tuesday said it expects to report a slight decline in its revenue for 2018 following a 4.0% fall in oil production from the pre-Caspian in of

30 Nov 2018 15:00

CORRECT: Nostrum Oil & Gas Propose Remuneration Changes On Opposition

(Correcting that Nostrum had now amended terms of its incentive plan)LONDON (Alliance News) - Nostrum Oil & Gas PLC said Friday its non-executive directors have agreed to not accept the

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IN BRIEF: Nostrum launches new compressor despite Russia sanctions

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