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An update from Nostrum Oil & Gas ( (GB:NOG) ) is now available.
Nostrum Oil & Gas PLC reported a 14% increase in topline revenues and substantial production growth for 2024, driven by expanded gas processing and field developments. Despite a decline in crude oil production, the company nearly doubled its processed volumes, primarily due to enhanced gas-lift capacity and contributions from new wells and processing agreements. This operational success supports Nostrum’s strategic objectives for sustainable growth and value maximization for investors, although capital expenditures slightly reduced cash reserves. The company plans to release its full-year financial results in April 2025.
More about Nostrum Oil & Gas
Nostrum Oil & Gas PLC is an independent mixed-asset energy company with world-class gas processing facilities and an export hub in north-west Kazakhstan. Its primary asset is the Chinarevskoye field, operated by its wholly-owned subsidiary Zhaikmunai LLP. The company also holds significant interests in the Stepnoy Leopard fields and has shares listed on the London Stock Exchange under the ticker symbol NOG.
YTD Price Performance: -5.34%
Average Trading Volume: 214,404
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.77M
Find detailed analytics on NOG stock on TipRanks’ Stock Analysis page.
