Nostrum Oil & Gas (GB:NOG) has released an update.
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Nostrum Oil & Gas PLC reports a transformative year with the implementation of its mixed-asset energy strategy, restructuring of bonds, and acquisition of new fields, despite a drop in revenues to $119.6m and EBITDA to $42.1m in FY 2023 due to production declines and lower Brent prices. Key operational achievements include starting third-party feedstock processing and re-starting the GTU-3 gas plant, alongside an improvement in its ESG Risk Rating, positioning the company for strategic advances in 2024.
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