Sberbank : NOSTRUM OIL & GAS PLC announces financial results for second quarter of 2022 and six months ended June 30, 2022

NOSTRUM OIL & GAS PLC announces financial results for second quarter of 2022 and six months ended June 30, 2022

16.08.22 16:45

/KASE, August 16, 2022/ - NOSTRUM OIL & GAS PLC (United Kingdom), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated August 16, 2022: quote Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or the "Company" and together with its subsidiaries, the "Group"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces its financial results in respect of the second quarter and six months ended 30 June 2022. Nostrum's management team will present the H1 2022 Results and will be available for a Q&A session with analysts and investors today, 16 August 2022, at 2pm UK time. If you would like to participate in this call, please register by clicking on the following link and following instructions: Results Call H1 2022 Highlights: Financial - Revenues of US$107.8m (H1 2021: US$92.3m) against average realised Brent oil price of US$104.7/bbl (H1 2021: US$65.2/bbl). - EBITDA1 of US$68.8m (H1 2021: US$52.8m) with EBITDA1 margin of 63.8% (H1 2021: 57.2%). - Closing unrestricted cash as at 30 June 2022 of US$208.7m (31 March 2021: US$180.8m). US$22.7m remains held in a restricted account as at 30 June 2022. - Continued focus on cost optimisation to help manage our liquidity. Targeting US$45.5m for operating and general & administrative expenses for FY2022. unquote The full press release is available on: - https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_relizs_160822.pdf - in Russian; - https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_160822_en.pdf - in English. [2022-08-16]