Nostrum Oil & Gas (GB:NOG) has released an update.
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Nostrum Oil & Gas PLC reported a productive first quarter in 2024 with increased revenues, production, and sales volumes, including third-party processing. The company highlighted successful drilling at the Chinarevskoye field and positive appraisal results at the Stepnoy Leopard fields, confirming their commercial viability. Financially, Q1 revenues exceeded $31 million, with a strong consolidated cash balance, as Nostrum remains focused on cost optimization to support growth projects.
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