Nostrum Oil & Gas (GB:NOG) has released an update.
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Nostrum Oil & Gas PLC has announced a positive first quarter in 2024 with increased revenues of $31.8 million, up from $17.4 million the previous year, and an EBITDA of $10.6 million. Operational enhancements, including the expansion of gas lift capacity and processing third-party hydrocarbons, have led to increased production and sales volumes. The company remains focused on cost optimization and advancing growth projects like the Stepnoy Leopard development, which has shown commercial viability.
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