Half Year Results 

Nostrum back from the brink

Nostrum back from the brink

Just over a month ago, it was looking pretty bleak for Kazakh independent Nostrum Oil & Gas (NOG). A first quarter financial report revealed rising debts and transport costs. The first production well of the year encountered water. The ever-elusive GTU3 gas treatment unit still didn’t have a completion date. Despite a rising oil price, investors headed for the door, pushing the shares down to lows not seen even at the depths of the great oil market rout of 2014-2016.

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