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Pin to quick picksNostrum Oil&gas Share News (NOG)

Share Price Information for Nostrum Oil&gas (NOG)

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Share Price: 5.73
Bid: 5.00
Ask: 6.28
Change: 0.00 (0.00%)
Spread: 1.28 (25.60%)
Open: 5.73
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Prev. Close: 5.73
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SMALL-CAP WINNERS & LOSERS: Dukemount rises on joint venture agreement

Mon, 22nd Mar 2021 10:51

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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SMALL-CAP - WINNERS

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Dukemount Capital, up 40% at 0.32p-1.35p. The property developer says it agreed outline terms for a joint venture in the flexibility power sector. Dukemount will own 50% of the joint venture vehicle, HSKB. The joint venture will develop two 11 kilovolt gas peaking facilities which together will produce around 10 megawatt of power for a total cost of GBP6.25 million. Dukemount believes that this joint venture represents the next steps to meeting its target of growing to a GBP100 million plus business.

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Quarto Group, up 15% at 77.93 pence, 12-month range 40p-77.93p. Book publisher posts higher profit for 2020. Annual revenue falls to USD126.9 million from USD135.8 million in 2019, but pretax profit grows to USD6.6 million from USD3.8 million. "The effects of Covid-19 on the book industry have been significant. As expected, we saw a move to online book sales, and the Company's sales and marketing teams adapted well to this move," the company says. Looking ahead, Quarto says it is in a good position to grow in 2021 and is continuing shift towards profitable trade publishing.

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KKV Secured Loan Fund, up 5.4% at 20.24p, 12-month range 0.00p-41.87p. The equipment leasing and asset finance investment firm says it has netted GBP16.0 million from the sale of two loans. KK says the loans were made to Glasshouse Generation and Harvest Generation Services. The Glasshouse loan had a carrying value of GBP8.1 million and the HGS loan GBP7.6 million. Per share, the net proceeds from the sales are 4.5 pence.

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Nostrum Oil & Gas, up 3.7% at 9.69p, 12-month range 3p-16p. The oil and gas company says it it received approval to extend the expiry date of its forbearance agreement with informal ad hoc noteholder group AHG to April 20 from March 20.

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SMALL-CAP - LOSERS

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Hostelworld Group, down 3.0% at 77.60p, 12-month range 38.69p-98p. Shares in the hostel booking platform were lower as part of a broader fall in travel-related stocks on the prospect of extended lockdowns across Europe.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
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.

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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.

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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.

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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.

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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.

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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:

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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.

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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:

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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:

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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.

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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:

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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:

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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.

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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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15 Aug 2022 16:04

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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