Nostrum Oil & Gas PLC Appraisal Campaign at the Stepnoy Leopard Fields (0665O)
29 Settembre 2023 - 8:00AM
UK Regulatory
TIDMNOG
RNS Number : 0665O
Nostrum Oil & Gas PLC
29 September 2023
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JURISDICTION
London, 29 September 2023
Commencement of the Appraisal Campaign at the Stepnoy Leopard
Fields
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 is pleased to announce the commencement of the
appraisal campaign at the Stepnoy Leopard fields as part of its
previously announced appraisal programme.
The objective of the appraisal campaign is to re-enter two
existing wells in the Teplovskoye reservoir to take representative
fluid samples, and conduct Extended Well Testing. The data will
help to confirm the commercial potential and support the future
decision related to the selection of a phased field development
concept in 2024.
The Stepnoy Leopard fields, located about 100 km west of our
world-class full-process infrastructure, are potentially an
attractive Nostrum-operated upstream tie-back project that could
deliver material reserves in addition to the Group's depleting
resource base in the Chinarevskoye field.
LEI: 2138007VWEP4MM3J8B29
Further information
For further information please visit
www.nostrumoilandgas.com
Further enquiries
Nostrum Oil & Gas PLC
Petro Mychalkiw
Chief Financial Officer
ir@nog.co.uk
Instinctif Partners - UK
Tim McCall
Galyna Kulachek
Vivian Lai
+ 44 (0) 207 457 2020
nostrum@instinctif.com
About Nostrum Oil & Gas
Nostrum Oil & Gas PLC is an independent oil and gas company
currently engaging in the production, development and exploration
of oil and gas in the pre-Caspian Basin. Its shares are listed on
the London Stock Exchange (ticker symbol: NOG) and the Astana
International Exchange (ticker symbol: NOG) . The principal
producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye
field that is being operated by a wholly-owned subsidiary of
Nostrum Oil & Gas PLC - Zhaikmunai LLP , who is the sole holder
of the subsoil use rights with respect to the development of the
field.
Forward-Looking Statements
Some of the statements in this document are forward-looking.
Forward-looking statements include statements regarding the intent,
belief and current expectations of the Company or its officers with
respect to various matters. When used in this document, the words
"expects", "believes", "anticipates", "plans", "may", "will",
"should" and similar expressions, and the negatives thereof, are
intended to identify forward-looking statements. Such statements
are not promises nor guarantees and are subject to risks and
uncertainties that could cause actual outcomes to differ materially
from those suggested by any such statements.
No part of this announcement constitutes, or shall be taken to
constitute, an invitation or inducement to invest in the Company or
any other entity, and shareholders of the Company are cautioned not
to place undue reliance on the forward-looking statements. Save as
required by the relevant listing rules and applicable law, the
Company does not undertake to update or change any forward-looking
statements to reflect events occurring after the date of this
announcement.
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END
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