Nostrum Oil & Gas Delays Note Interest Payments Amid Administrative Issues but Avoids Default

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

Nostrum Oil & Gas has announced that its financing subsidiary, Nostrum Oil & Gas Finance B.V., has not yet paid accrued interest that was due by 30 June 2025 and again by 31 December 2025 on its senior secured and senior unsecured notes, despite the notes being guaranteed by the parent company. The delay stems from ongoing payment administration and licensing issues that prevent payments from being processed through clearing systems, rather than from any solvency or liquidity concerns, with the company stressing that the necessary funds are available and secured. To mitigate the impact on noteholders, the issuer has made the second consent fee payment under a previously agreed consent solicitation, ensuring that the missed interest payments do not trigger a default or event of default on the notes, and holders eligible for the consent fee are expected to receive their payments in the coming days.

The most recent analyst rating on (GB:NOG) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Nostrum Oil & Gas stock, see the GB:NOG Stock Forecast page.

Spark’s Take on GB:NOG Stock

According to Spark, TipRanks’ AI Analyst, GB:NOG is a Neutral.

Nostrum Oil & Gas’s overall stock score is primarily impacted by its financial performance challenges, including high leverage and cash flow issues. While technical analysis shows a stable outlook, valuation concerns and ongoing financial hurdles weigh heavily on the score. Positive corporate events provide some optimism, but significant risks remain.

To see Spark’s full report on GB:NOG stock, click here.

More about Nostrum Oil & Gas

Nostrum Oil & Gas PLC is an independent mixed-asset energy company focused on oil and gas production in north-west Kazakhstan, where it operates world-class gas processing facilities and an export hub. Its principal producing asset is the Chinarevskoye field, held through wholly owned subsidiary Zhaikmunai LLP, and it also owns an 80% interest in Positiv Invest LLP, which holds subsoil use rights for the Kamenskoe and Kamensko-Teplovsko-Tokarevskoe (Stepnoy Leopard) fields in the West Kazakhstan region. The company’s shares are listed on the London Stock Exchange under the ticker NOG.

Average Trading Volume: 21,650

Technical Sentiment Signal: Sell

Current Market Cap: £6.04M

Learn more about NOG stock on TipRanks’ Stock Analysis page.