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

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

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