Nostrum Oil & Gas Reports Strong Q1 2025 Performance and Strategic Milestones

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

Nostrum Oil & Gas PLC reported a strong start to 2025 with a 41% year-over-year increase in average daily titled production and a 68% rise in total processed volumes, driven by the ramp-up of Ural Oil & Gas LLP production and new output from Chinarevskoye well No.301. Despite a slight dip in revenue to $30 million due to a temporary crude oil inventory build-up, the company achieved a 2.8% increase in EBITDA and reduced operating expenses per barrel by 39.5%. The approval of a phased full-field development plan for the Stepnoy Leopard fields marks a significant milestone, targeting production start-up between late 2026 and early 2027, while an extended processing agreement with Ural O&G secures long-term value until 2031.

The most recent analyst rating on (GB:NOG) stock is a Buy with a £13.00 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 score reflects significant financial challenges, including net losses and negative equity, which are the most critical factors at present. While technical analysis shows some potential for rebound, the valuation remains a concern due to negative profitability. However, recent positive corporate developments provide a silver lining, indicating potential for operational improvement and strategic growth.

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 with world-class gas processing facilities and an export hub located in north-west Kazakhstan. Its shares are listed on the London Stock Exchange under the ticker symbol NOG. The company’s principal producing asset is the Chinarevskoye field, operated by its wholly-owned subsidiary Zhaikmunai LLP. Nostrum also holds an 80% interest in Positiv Invest LLP, which manages the Stepnoy Leopard fields in the West Kazakhstan region.

Average Trading Volume: 70,956

Technical Sentiment Signal: Sell

Current Market Cap: £5.59M

Find detailed analytics on NOG stock on TipRanks’ Stock Analysis page.