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.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now