
Nostrum Oil & Gas (LSE:NOG) has delivered robust operational results for the first quarter of 2025, highlighted by a 41% year-on-year increase in average daily titled production and a 68% rise in total processed volumes. These gains were supported by enhanced output from Ural Oil & Gas and the successful completion of well No.301.
In a major strategic milestone, the company received approval for a phased development plan for the Stepnoy Leopard fields, extending project operations through 2044. In parallel, Nostrum signed a new processing agreement with Ural Oil & Gas, aimed at ensuring long-term, stable revenue streams.
While quarterly revenue was marginally affected by a temporary buildup in crude oil inventory, Nostrum maintained a healthy cash position and reaffirmed its focus on efficiency and cost management.
Strategic and Market Outlook
Nostrum’s growth trajectory is underpinned by its ability to scale production and secure long-term operational rights. Its Q1 results demonstrate operational resilience and strategic foresight, even as inventory timing briefly impacted financial performance. Technical indicators remain favorable, and the company’s rising production volumes suggest ongoing momentum.
About Nostrum Oil & Gas PLC
Nostrum Oil & Gas is an independent energy company operating in north-west Kazakhstan, where it manages a mix of upstream and midstream assets. Its key producing site is the Chinarevskoye field, operated by subsidiary Zhaikmunai LLP. The company also holds an 80% stake in Positiv Invest LLP, which oversees the Stepnoy Leopard development area, comprising the Kamenskoe and Kamensko-Teplovsko-Tokarevskoe fields. Its state-of-the-art gas processing infrastructure and export capabilities position it strategically within the region’s energy sector.
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Year-to-Date Share Performance: +56.38%
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Average Daily Trading Volume: 130,875 shares
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Technical Sentiment: Buy
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Market Capitalisation: £7.48 million
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