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Share Price: 5.20

Bid: 0.00

Ask: 0.00

Change: 0.00 (0.00%)

Spread: 1.40 (31.111%)

Open: 0.00

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Low: 0.00

Prev. Close: 5.20

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IN BRIEF: Nostrum Oil & Gas Signs Forbearance Deal With Noteholders

Fri, 23rd Oct 2020 19:28

Nostrum Oil & Gas PLC - London-based exploration & production company - Signs forbearance agreement with noteholders, under which they have agreed to forbear from the exercise of certain rights and remedies that they have under the indentures governing the 8.0% senior notes due 2022 and 7.0% senior notes due 2025.

The agreed forbearances include agreeing not to accelerate the notes' obligations as a result of the missed interest payments.

Current stock price: 8.16 pence

Year-to-date change: down 52%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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Nostrum Oil & Gas confirms 550m barrels of P2 reserves

The level of proved and probable oil reserves at licences owned by Nostrum Oil & Gas was confirmed at more than 550m barrels, after an independent audit. The FTSE 250 company, which is focused on north-west Kazakhstan, said the report by reservoir appraisal agency Ryder Scott showed proved reserves

20 Feb 2015 08:23