Nostrum Oil & Gas ( (GB:NOG) ) has provided an announcement.
Nostrum Oil & Gas PLC reported robust financial and operational performance for the year ended 31 December 2024, with a 48% increase in production volumes and nearly doubled processed volumes. The company achieved significant revenue and EBITDA growth, driven by increased processing efficiencies and disciplined cost management. Key milestones included the ramp-up of raw gas feedstock from Ural Oil & Gas LLP, additional production from the Chinarevskoye drilling program, and the approval of a phased development plan for the Stepnoy Leopard fields by Kazakhstan’s Ministry of Energy. The company also extended its agreement with Ural O&G for processing third-party hydrocarbons, ensuring sustainable cash flows and plant operations until 2031. Nostrum maintained a strong liquidity position with net positive operating cash flows and a substantial unrestricted cash balance, while also achieving a zero-fatality record and reducing emission intensity by 28%.
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 focuses on upstream production growth, infrastructure utilization, and financial stability, with a significant presence in gas processing and export.
YTD Price Performance: 56.38%
Average Trading Volume: 149,477
Technical Sentiment Signal: Buy
Current Market Cap: £7.48M
For detailed information about NOG stock, go to TipRanks’ Stock Analysis page.