Nostrum Oil announces significant downgrade in reserves
31st Mar 2020 08:59
(Sharecast News) - Pre-Caspian Basin-focussed exploration, development and production company Nostrum Oil & Gas updated the market on its operations on Tuesday, reporting that average daily production for the year as at 25 March was above 23,000 barrels of oil equivalent per day.
Read moreDeutsche upgrades Nostrum Oil after completion of gas facility
5th Jan 2017 15:11
(ShareCast News) - Deutsche Bank has upgraded Nostrum Oil and Gas to 'buy' from 'hold' and upped its price target to 535p from 400p. The company's recent inclusion in the FTSE 250 index provides a unique opportunity for investors to gain direct exposure to the Kazakhstan oil sector, the bank said.
Read moreNostrum Oil & Gas revenue declines but hedges against low oil prices
23rd Nov 2016 11:50
(ShareCast News) - Nostrum Oil & Gas' revenue declined as it hedged prices to mitigate against the falling price of oil. Currently Brent crude and West Texas Intermediate prices are hovering around $48 per barrel as OPEC members consider a cap on production. For the nine months ended 30 September,
Read moreFTSE 250 movers: Oil companies and oilfield services on the slide
19th Oct 2015 14:52
(ShareCast News) - The FTSE 250 crawled back into positive territory on Monday afternoon after the UK mid-cap lost momentum from its early spike. By 1550 BST the index was up 0.12% at 16,913.29, helped along by the steady climbing of Pace despite the set-top box maker's £1.4bn proposed merger with U
Read moreNostrum withdraws offer for Tethys Petroleum
7th Oct 2015 07:55
(ShareCast News) - Nostrum Oil & Gas has withdrawn its proposed offer to acquire Tethys Petroleum and supply it with interim funding. "Tethys' largest shareholder, Pope Asset Management LLC, has informed Nostrum that it does not support the proposed offer and therefore, despite the progress made by
Read moreNostrum Oil & Gas says Tethys hasn't accepted its offer yet
15th Sep 2015 07:37
(ShareCast News) - Nostrum Oil & Gas said its proposed offer for Tethys Petroleum has not yet been accepted by the company's board. The independent oil and gas company said the two have engaged in extended discussions but so far have been unable to agree on the terms of the proposed transaction. "A
Read moreRBC Capital starts coverage of Nostrum at 'outperform'
12th Aug 2015 14:31
(ShareCast News) - RBC Capital Markets has started coverage of Nostrum Oil & Gas at 'outperform' with a 700p price target. It said Nostrum gives investors access to a material, well-defined reserves base onshore Kazakhstan with positive operational momentum. RBC said management is working to unlock
Read moreNostrum confirms further approach to Tethys
10th Aug 2015 07:41
(ShareCast News) - Nostrum Oil & Gas confirmed that it has made a further approach to Tethys Petroleum about a possible offer for the company at C$0.2185 per Tethys share. Following the approach, Tethys and Nostrum have negotiated a $5m loan financing in order to support the short-term liquidity of
Read moreLondon open: Footsie gains after agreement reached on Greece
13th Jul 2015 09:28
(ShareCast News) - The Footsie jumped on news that Monday's Euro-summit had reached an agreement on a bail-out for Greece. Eurogroup head Jeroen Dijsselbloem said the Greek deal will need to be voted in parliament after it has been discussed with the Eurogroup on Wednesday. A formal decision will th
Read moreNostrum Oil & Gas on track to meet full-year production targets
30th Apr 2015 15:34
Nostrum Oil & Gas said it was on track to meet its annual production target after strong performances in the first quarter. The oil and gas explorer said revenue for the three months ended 31 March was set to exceed $100m (£64.8m), with average daily production currently standing at 45,479 barrels o
Read moreNostrum Oil & Gas confirms 550m barrels of P2 reserves
20th Feb 2015 08:23
The level of proved and probable oil reserves at licences owned by Nostrum Oil & Gas was confirmed at more than 550m barrels, after an independent audit. The FTSE 250 company, which is focused on north-west Kazakhstan, said the report by reservoir appraisal agency Ryder Scott showed proved reserves
Read moreNew SABMiller chairman marks new appointment with purchase of 30,000 shares
1st Sep 2014 15:18
Jan du Plessis, the new chairman designate of drinks giant SABMiller, has celebrated his first day on the job with the purchase of 30,000 shares. Du Plessis, who left Marks & Spencer to take up the new role at the Peroni brewer, paid 3,312.50p apiece. He will replace John Manser, who has delayed
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