tiprankstipranks
Trending News
More News >

Nostrum Oil & Gas Expands Reserves, Boosts Cash Flow

Nostrum Oil & Gas Expands Reserves, Boosts Cash Flow

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

Confident Investing Starts Here:

Nostrum Oil & Gas PLC has announced significant growth in its reserves after an independent evaluation confirmed the commercial viability of its Stepnoy Leopard fields in Kazakhstan, with a fivefold increase in their reserves base. The development of these fields is expected to notably enhance the utilization of the company’s leading 4.2 bcma gas processing facilities and substantially boost its cash flows by approximately $220 million. This milestone aligns with Nostrum’s strategy to amplify shareholder returns and strengthen the country’s energy security.

For further insights into GB:NOG stock, check out 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