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Kalkine Media ASX Share Market News & Research

Nostrum Oil & Gas Plc FY 2019 revenues expected to be over US$322 million

January 28, 2020 08:39 AM GMT | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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Nostrum Oil & Gas Plc (LON:NOG) has released the operational update for the fourth quarter and the twelve months ending 31 December 2019.

  • The company’s FY 2019 revenues are expected to be over US$322 million as compared to US$389.9 million in FY 2018.
  • The company’s cash position in FY 2019 was over US$91 million as compared to US$95 million for 9M 2018.
  • On the operational front, the average production in FY 2019 was of 28,587 boepd, and sales volumes stood at 26,617 boepd.
  • On 28th January 2020, at the time of writing, GMT 08:06 AM, NOG shares were trading at GBX 9.81, down by 0.97 points or 9.00% against the previous day closing price.

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