Nostrum Oil & Gas boosts daily output 13.3%, sales 14.8% in Jan-SeptNostrum Oil & Gas Plc increased average daily production in January-September 2026 by 13.3% year-on-year to 26,724 barrels of oil equivalent per day (boepd), the company said.Average daily sales volumes rose 14.8% to 16,455 boepd in January-September.Revenue for the first nine months rose 34.5% year-on-year to $115 million, driven by higher export volumes, stronger Brent crude oil prices and increased sales and processed volumes.Free cash flow stood at $26 million, excluding a $13.5 million buyer's security deposit, the company said.Nostrum Oil & Gas PLC is an independent energy company with gas processing infrastructure and an export hub in north-west Kazakhstan. Its shares are listed on the London Stock Exchange.In October 2026, Nostrum Oil & Gas PLC completed the sale of its Kazakhstan operations: its participating interests in the charter capital of Zhaikmunai LLP and Positiv Invest LLP, together with its rights under certain related loan agreements, to Altaris Holding Ltd.The sale was completed on October 15, 2026 for $304.6 million, subject to post-completion adjustments.Altaris, an acquisition vehicle incorporated in the Astana International Financial Centre (AIFC) in late June 2026, is owned 51% by Alturion Holding Limited and 49% by Fincraft Energy Holding Limited. Fincraft is owned by Kenes Rakishev.Completion of this transaction marks the culmination of nearly three decades of Nostrum’s investment and operations in Kazakhstan, the company said earlier.Following the completion, Nostrum and the buyer will proceed with the orderly managed wind-down of its remaining businesses, assets and liabilities.After selling the assets, Nostrum fully repaid $240 million in senior secured notes and $417 million in senior unsecured notes.Zhaikmunai LLP, Nostrum’s former subsidiary in Kazakhstan, carries out exploration, production and sale of oil and gas condensate. Its licensed area covers the Chinarevskoye field in the northern part of the oil-rich Caspian basin, located in the West Kazakhstan region near the Kazakh-Russian border and close to several major pipelines.Nostrum acquired an 80% stake in Positiv Invest LLP for $20 million in July 2023. Positiv Invest held the subsurface use right for the Stepnoy Leopard block in northwestern Kazakhstan, with the contract running until December 2044. (ICE ALMATY)

Fonte notizia: INTERFAX