LONDON BROKER RATINGS: Berenberg likes Intertek; Goldman ups Derwent
15th Sep 2023 09:18
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning: Read More
Nostrum Oil & Gas PLC - London-based, Kazakhstan-focused oil and gas development, production and exploration company - Announces re-start of "state-of-the-art" gas treatment unit, GTU-3, completed "safely and successfully". The roughly USD750 million plant was commissioned and started in 2019, but two major pieces of equipment subsequently were found to require repairs. Nostrum says GTU-3 is now operating as per design and delivering LPG, dry gas and condensate in accordance with sales specifications. Adds that the upgrades reduced the plant's operating turndown capacity. Read More
(Alliance News) - Nostrum Oil & Gas PLC said it swung to a profit in the first half of 2023, largely due to a one-off gain on debt-to-equity exchange, although loss widened in the second quarter of the year. Read More
(Alliance News) - Nostrum Oil & Gas PLC on Monday said that its board has approved a limited-scale drilling programme for the Chinarevskoye field in Kazakhstan. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Nostrum Oil & Gas PLC - London-based, Caspian Basin-focused independent oil and gas company - Says revenue in the six months to June 30 is expected to exceed USD52 million, but will drop from USD107 million a year prior. Says this is due to lower production and average product prices. Says average post-treatment production in the first half of the year was 10,048 barrels of oil per day, down 29% from 14,167 the year before. Average daily sales volume was 9,020 boepd, down 31% from 13,102. Read More
Nostrum Oil & Gas PLC - London-based, Caspian Basin-focused independent oil and gas company - Celebrates "successful" launch of new compressor which is "doubling" its gas lift capacity at maturing Chinarevkoye field and reducing production decline there. Says start-up was completed in line with budget despite "significant delays" to delivery due to sanctions on Russia. Nostrum adds that "initial production gains exceed management's expectations". Read More
(Alliance News) - Nostrum Oil & Gas PLC on Monday said it completed its acquisition of 80% of Positive Invest LLP for USD20 million. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Nostrum Oil & Gas PLC - Independent oil and gas company focused on the Caspian Basin - Appoints Petro Mychalkiw as its new chief financial officer, effective August 21. Read More
Nostrum Oil & Gas PLC - independent oil and gas company focused on the Caspian Basin - Shares were restored at 1400 BST on Tuesday. The shares were suspended at the start of May due to a delay in posting results. Read More
Nostrum Oil & Gas PLC - independent oil and gas company focused on the Caspian Basin - Posts revenue of USD199.7 million for 2022 against an average Brent price of USD99 per barrel of crude oil, compared to revenue of USD195.3 million in 2021, against a Brent price of USD71 per barrel of crude oil. Earnings before interest, tax, depreciation and amortisation amounts to USD115.7 million, up from GBP112.5 million a year earlier. However, daily sales volumes averages 12,524 barrels of oil equivalent per day, down from 15,330 a year earlier. Looking ahead, says it continues to prioritise the safety of all staff and contractors as well as focussing on running sustainable operations. Read More
Nostrum Oil & Gas PLC - independent oil and gas company focused on the Caspian Basin - Trading in its shares on the Astana International Exchange Ltd have been temporarily suspended since Wednesday. This follows the suspension of Nostrum's shares on the London Stock Exchange on Tuesday, pending the publication of its 2022 results. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
Nostrum Oil & Gas PLC - Independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin - Announces that the average daily production forecast for 2023 is in the range of 9,000 to 10,000 barrels of oil equivalent per day. In 2022, production after treatment averaged 13,200 boepd, down 22% from 17,032 boepd in 2021. Read More
(Alliance News) - Nostrum Oil & Gas PLC said on Friday it had agreed to acquire 80% of Positive Invest LLC for USD20 million. Read More
Nostrum Oil & Gas PLC - exploration and production in pre-Caspian Basin - The stake held by ICU Holdings Ltd falls to 2.7% from 23.8%, due to dilution from a share issue. ICU holds 4.4 million voting rights. Previously, Nostrum said the stake held by Tengri Partners (Kazakhstan) LLP had fallen to 2.0% from 20.3%, for the same reason. Tengri holds 3.8 million voting rights. Also said the stake held by Dehus Dolmen Nominees fell to 1.8% from 16.2%. Tengri holds 3.8 million voting rights. Read More
Nostrum Oil & Gas PLC - exploration and production in pre-Caspian Basin - The stake held by Dehus Dolmen Nominees Ltd falls to 1.8% from 16.2%, due to dilution from a share issue. Dehus holds 3.0 million voting rights. Previously, Nostrum said the stake held by Tengri Partners (Kazakhstan) LLP had fallen to 2.0% from 20.3%, for the same reason. Tengri holds 3.8 million voting rights. Read More