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Share Price: 6.20

Bid: 5.00

Ask: 6.22

Change: -0.03 (-0.53%)

Spread: 1.22 (24.40%)

Open: 6.20

High: 6.20

Low: 6.20

Prev. Close: 5.64

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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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15 Feb 2023 12:25

IN BRIEF: Dehus Dolmen stake in Nostrum Oil falls to 1.8% from 16%

Nostrum Oil & Gas PLC - exploration and production in pre-Caspian Basin - The stake held by Dehus Dolmen Nominees Ltd falls to 1.8% from 16.2%, due to dilution from a share issue. Dehus holds 3.0 million voting rights. Previously, Nostrum said the stake held by Tengri Partners (Kazakhstan) LLP had fallen to 2.0% from 20.3%, for the same reason. Tengri holds 3.8 million voting rights.

14 Feb 2023 19:37

IN BRIEF: Nostrum Oil & Gas names new chair as Gupta leaves board

Nostrum Oil & Gas PLC - Independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin - Says Atul Gupta stepped down as executive chair from the board. Appoints Stephen Whyte as independent chair and a non-executive director. Says that Whyte is an experienced FTSE and AIM chair and non-executive director in the global energy sector with experience in Kazakhstan.

13 Feb 2023 10:22

IN BRIEF: Tengri Partners lowers stake in Nostrum Oil & Gas to 2.0%

Nostrum Oil & Gas PLC - Independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin - Says Tengri Partners (Kazakhstan) LLP has lowered its stake in the company to 2.03% from 20.34%. Tengri now holds 3.8 million voting rights.

9 Feb 2023 20:21

IN BRIEF: Nostrum Oil & Gas completes restructuring of senior notes

Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Completes the implementation of the restructuring of its USD725 million 8.0% senior notes due July 2022 and USD400 million 7.0% senior notes due February 2025. This includes the exchange of a portion of its legacy notes debt for the issue of new notes. The new notes comprise USD250 million of new senior secured notes and USD300 million of senior unsecured notes. Further, the conversion of the remainder of the notes debt into shares, as well as the issue of new warrants, it adds.

6 Feb 2023 20:23

REPEAT: Nostrum says restructuring to be effective on Thursday

(Alliance News) - Nostrum Oil & Gas PLC on Monday said that the restructuring of its senior notes, sub-division of shares and share consolidation will be effective on Thursday.

6 Feb 2023 20:22

Nostrum Oil & Gas expects restructuring to be effective on Thurday

(Alliance News) - Nostrum Oil & Gas PLC on Monday said that the restructuring of its senior notes, sub-division of shares and share consolidation will be effective on Thursday.

30 Jan 2023 20:05

TRADING UPDATES: Aterian gains membership; Iconic converts notes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

27 Jan 2023 11:37

Nostrum Oil & Gas production drops; no fatalities reported in 2022

(Alliance News) - Nostrum Oil & Gas PLC on Friday said it expects a revenue increase, despite a drop in production.

20 Jan 2023 19:53

TRADING UPDATES: RM Infrastructure investment manager buys shares

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

9 Jan 2023 20:41

TRADING UPDATES: Mobile Tornado loses CEO; DeepVerge revenue jumps

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

22 Nov 2022 21:37

IN BRIEF: Nostrum Oil & Gas sees revenue jump on higher oil prices

Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - In the nine months ended September 30, reports revenue of USD155.5 million, up against USD142.6 million the previous year. Earnings before interest, tax, depreciation and amortisation rise to USD94.9 million from USD84.1 million. Reports an average Brent oil price of USD102.50 per barrel during the period, up from an average price of USD67.90 per barrel the year prior. Daily sales volumes average 12,780 barrels of oil equivalent per day, down from 15,838 bodpd.

4 Nov 2022 20:38

TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

28 Oct 2022 14:44

TRADING UPDATES: Nostrum profits of Brent price; Scottish ups dividend

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

28 Sep 2022 15:47

Nostrum Oil chief financial officer steps down after just one year

(Alliance News) - Nostrum Oil & Gas PLC on Wednesday said its Chief Financial Officer Shane Drader has resigned.

16 Aug 2022 13:57

IN BRIEF: Nostrum Oil & Gas interim oil production falls

Nostrum Oil & Gas PLC - Nostrum Oil & Gas - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Reports quarter-on-quarter fall in earnings before interest, tax, depreciation and amortisation and revenue amid lower oil production. In the quarter to June 30, Ebitda falls to USD28.4 million from USD40.5 million a quarter ago. However, on annual basis, this marks rise from USD26.0 million. Revenue drops 21% to USD47.6 million from USD60.2 million quarter-on-quarter, but rises 3.3% year-on-year.

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

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