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Nostrum Oil & Gas
(LSE:NOG)
Nostrum Oil & Gas (NOG) vs. iShares MSCI United Kingdom ETF (EWC)
Nostrum Oil & Gas Business Overview & Revenue Model
Nostrum Oil & Gas Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 121.19M | 137.08M | 119.63M | 199.72M | 195.28M | 175.94M |
| Gross Profit | 47.73M | 65.07M | 42.00M | 115.66M | 99.65M | 50.55M |
| EBITDA | 99.32M | 143.38M | 973.69M | 76.21M | 101.97M | 69.81M |
| Net Income | -61.60M | -26.58M | 831.66M | -116.44M | -26.12M | -327.43M |
Balance Sheet | ||||||
| Total Assets | 594.73M | 606.00M | 519.34M | 590.12M | 565.31M | 505.42M |
| Cash, Cash Equivalents and Short-Term Investments | 147.35M | 150.42M | 161.71M | 233.58M | 165.25M | 78.58M |
| Total Debt | 665.65M | 571.37M | 471.75M | 1.40B | 1.29B | 1.19B |
| Total Liabilities | 798.86M | 698.48M | 585.01M | 1.53B | 1.39B | 1.27B |
| Stockholders Equity | -203.48M | -92.54M | -66.17M | -940.23M | -823.25M | -759.75M |
Cash Flow | ||||||
| Free Cash Flow | -3.76M | 535.00K | -19.48M | 87.43M | 108.58M | 56.47M |
| Operating Cash Flow | 15.41M | 33.08M | -2.22M | 102.20M | 117.42M | 82.75M |
| Investing Cash Flow | -14.50M | -26.47M | -28.08M | -15.78M | -19.78M | -40.10M |
| Financing Cash Flow | -8.50M | -17.71M | -41.62M | -17.48M | -10.86M | -58.43M |
Nostrum Oil & Gas Technical Analysis
Nostrum Oil & Gas Peers Comparison
Nostrum Oil & Gas Corporate Events
Nostrum Oil & Gas has reported its financial results for the third quarter and first nine months of 2025, showing resilience despite challenges such as weaker oil prices and natural production decline at the Chinarevskoye field. The company achieved an EBITDA of $26.8 million, reduced operating expenses by 28% per barrel, and maintained a strong liquidity position with a net positive operating cash flow of $21.6 million. Nostrum also saw a 33% increase in average processed volumes and an 18.5% rise in average daily titled production volumes, driven by increased processing of Ural O&G feedstock. The company continues to focus on maximizing facility uptime, cost control, and efficient resource allocation to support growth projects, while maintaining a strong commitment to health, safety, and environmental standards.
Nostrum Oil & Gas PLC has announced the appointment of Robert Wynne as a non-executive director, chair of the nomination and governance committee, and member of both the strategy and audit committees, effective November 20, 2025. Wynne brings 40 years of experience in the global oil and gas industry and investment banking, which is expected to enhance the company’s governance and support its strategic goals in expanding domestic raw gas processing and production in Kazakhstan. Additionally, Nikolay Ivin has been appointed to the nomination and governance committee, resigning from the audit committee. These changes are anticipated to strengthen Nostrum’s board and align with its growth objectives in the region.
Nostrum Oil & Gas PLC announced a change in its audit committee with the appointment of Nikolay Ivin as a new member, effective 31 October 2025. This move is part of the company’s ongoing efforts to comply with the provisions of its warrant instrument regarding board committee composition. The announcement reflects Nostrum’s commitment to maintaining governance standards and may impact its strategic operations and stakeholder relations.
Nostrum Oil & Gas PLC reported strong operational results for the first nine months of 2025, despite facing challenges such as lower oil prices and natural decline in its mature Chinarevskoye field. The company achieved a 33% increase in processed volumes, driven by ramped-up third-party feedstock, and a 19.9% increase in average daily sales volumes. However, revenue decreased due to a less favorable product mix and a decline in oil prices. Nostrum is advancing its development plans for the Stepnoy Leopard asset and continuing its drilling and workover program at Chinarevskoye, aiming to create sustainable value for stakeholders. The company also extended its third-party hydrocarbon processing agreement with Ural Oil & Gas through 2031, enhancing cash flows and operational efficiency.
Nostrum Oil & Gas PLC has announced the appointment of James Hart as an independent non-executive director, effective 23 October 2025. Hart, a seasoned professional in special situations and dispute resolution, will also serve on the audit committee and chair the remuneration committee. Additionally, the company has made changes to its strategy committee, with Nikolay Ivin appointed as chairman and Viktor Gladun as a member. These board changes are part of the company’s efforts to comply with the warrant instrument requirements and are anticipated to enhance the company’s governance and strategic oversight.
Nostrum Oil & Gas PLC announced the retirement of Stephen Whyte as Chairman and the appointment of Nikolay Ivin as his successor, effective October 16, 2025. Mr. Ivin brings extensive corporate finance expertise from his roles in various financial institutions and advisory firms, enhancing the company’s leadership as it prepares for the maturity of its Senior Secured and Unsecured Notes in June 2026. This leadership transition is part of a broader strategy to reconstitute the board and its committees, aiming to strengthen and grow the company’s business operations.
Nostrum Oil & Gas has successfully passed an Extraordinary Resolution regarding its senior unsecured notes after a consent solicitation process. This resolution allows the company to execute the Supplemental Trust Deed and make consent payments to noteholders, resolving issues related to delayed interest payments. The resolution’s passage is a significant step in addressing the company’s financial obligations, potentially stabilizing its market position and reassuring stakeholders.
Nostrum Oil & Gas has announced an adjournment of the meeting regarding its senior unsecured notes due to a lack of quorum. The company is addressing an ‘Event of Default’ after failing to pay accrued interest on its notes by the deadline. The adjourned meeting is set for October 6, 2025, as the company seeks consent from noteholders to resolve the default situation. This situation highlights the company’s current financial challenges and its efforts to engage stakeholders in resolving these issues.
Nostrum Oil & Gas PLC has announced the appointment of Yelena Zhuravleva as the new Chief Financial Officer, effective immediately, following the mutual agreement for Petro Mychalkiw to step down from the position. This leadership change is expected to bring new strategic insights to the company’s financial management, potentially impacting its operations and market positioning in the energy sector.
Nostrum Oil & Gas Finance B.V., a subsidiary of Nostrum Oil & Gas PLC, faced an ‘Event of Default’ due to non-payment of interest on its outstanding notes by the deadline of June 30, 2025. In response, the company initiated a consent solicitation to address this default. The early consent deadline results showed that while over 75% of senior secured noteholders approved the resolution, the senior unsecured notes did not achieve the required majority, necessitating further voting. The resolution’s implementation is contingent upon approval from all note series, and ongoing participation is encouraged to resolve the interest payment delay.
Nostrum Oil & Gas PLC has announced the appointment of David Roberts as the new Chief Operating Officer, replacing Robert Tinkhof who retired earlier this month. This appointment is considered a material related party transaction due to Roberts’ significant shareholding in the company. The board has deemed the agreement fair and reasonable for all shareholders, including minority ones. This leadership change is expected to impact the company’s operations and strategic direction, with potential implications for stakeholders given Roberts’ vested interest in the company’s success.