RE: Potential acquisition1 Aug 2019 08:51
That would be the little fish (CASP) eating the big fish (NOG) I guess its one way CASP could produce oil
On the operational front, Nostrum's average production for the six months to June was 31,096 barrels of oil equivalent per day, with average sales volume of 29,210 barrels.
A year prior, average production was 32,524 barrels and average sales volume was 29,886 barrels.
As a result, Nostrum's interim revenue is expected to fall 8.9% to USD174 million, but its cash position should improve by at least 59% from March-end to USD120 million.