Nostrum Oil & Gas (GB:NOG) has released an update.
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Nostrum Oil & Gas PLC reported a robust financial performance for the first half of 2024, with a 44% increase in EBITDA and an uptick in revenue by 23.7%, signaling a strong start under its new strategy of processing third-party hydrocarbons. The company also announced the addition of 110 mmboe to its reserves following the Stepnoy Leopard Fields development, emphasizing their commitment to growth and operational excellence. The positive financial results are paired with a consistent focus on sustainability, as indicated by their improved ESG Risk Rating and commitment to safety.
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