tiprankstipranks
Trending News
More News >

Nostrum Oil & Gas Achieves Strong Q1 2025 Performance Amid Strategic Developments

Story Highlights
Nostrum Oil & Gas Achieves Strong Q1 2025 Performance Amid Strategic Developments

Confident Investing Starts Here:

Nostrum Oil & Gas ( (GB:NOG) ) has provided an announcement.

Nostrum Oil & Gas reported a strong operational performance in Q1 2025, with a 41% increase in average daily titled production volumes and a 68% rise in total processed volumes compared to the previous year. This growth was driven by increased production from Ural Oil & Gas and the completion of well No.301. The company also secured approval for a phased development plan for the Stepnoy Leopard fields, extending until 2044, and entered a new processing agreement with Ural O&G to ensure sustainable cash flows. Financially, Nostrum’s revenue was slightly impacted by a temporary crude oil inventory build-up, but the company maintained a stable cash position and continues to focus on cost control and operational efficiency.

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 located in north-west Kazakhstan. The company is listed on the London Stock Exchange under the ticker symbol NOG. Its principal producing asset is the Chinarevskoye field, operated by its wholly-owned subsidiary Zhaikmunai LLP. Nostrum also holds an 80% interest in Positiv Invest LLP, which manages the subsoil use rights for the Kamenskoe and Kamensko-Teplovsko-Tokarevskoe areas, known as the Stepnoy Leopard fields, in the West Kazakhstan region.

YTD Price Performance: 56.38%

Average Trading Volume: 130,875

Technical Sentiment Signal: Buy

Current Market Cap: £7.48M

For an in-depth examination of NOG stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App