24th Jul 2023 10:27
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".
Current stock price: 11.40 pence, up 7.6%
12-month change: Multiplied
By Emma Curzon, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
Nostrum Oil&gas