Company
Nostrum Oil and Gas Plc
LON:NOG
Nostrum Oil & Gas PLC is a leading independent exploration and production with assets located in the oil-rich pre-caspian basin. The principal producing asset of Nostrum Oil & Gas is the Chinarevskoye field, in which it holds a 100% interest and is the operator, through its wholly-owned subsidiary Zhaikmunai LLP. Other assets currently include the Rostoshinskoye field, the Darjinskoye field, and the Yuzhno-Gremyachenskoye field, which are all located in the vicinity of the Chinarevskoye field and its Gas Treatment Facility (GTF). Nostrum Oil & Gas focuses on creating long-term shareholder value through the discovery and development of oil and gas reserves as well as the production and sale of crude oil, stabilised condensate, LPG and dry gas.
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Archive
Rockfire Resources gets drilling in North Queensland
A look at the day's major movers, including Totally, Vast Resources, Globalworth, DekelOil, Nostrum Oil & Gas and Man Group
Nostrum Oil & Gas given bloody nose by Berenberg double-downgrade
Analysts at the German bank cut their rating on the shares to ‘sell’ from ‘buy’ after disappointing drilling at the Chinarevskoye field in Kazakhstan
Oilers shaken as Norwegian sovereign wealth fund decides to dump sector stocks
The Norwegian government said it would recommend that the US$1trn fund should focus divestments on firms that explore and produce only, rather than the larger integrated companies
Oil & Gas firms on tenterhooks as world’s largest sovereign wealth fund to decide whether to dump sector
The Government Pension Fund of Norway will decide on Friday whether to offload its US$37bn stake in the industry
Archive
Troubled retail sector in focus as Quiz, Topps Tiles and Pets at Home report latest results
The day ahead includes full year results from Topps Tiles and Pets at Home along with interims from Quiz and Pennon
FTSE 100 stages rebound as trade war fears ease
In the currency markets, the pound shed 0.17% against the Euro, and lost 0.46% against the US dollar
Archive
Ferguson's organic growth rates are likely to be the main points of interest
Also previewed: Irn-Bru maker AG Barr and water company United Utilities
Archive
Utilities dominate week ahead with updates from Pennon, United Utilities and SSE
The week ahead includes trading updates from Pennon, United Utilities and SSE, along with interims from DFS Furniture and full year results from Moss Bros and AG Barr
Nostrum Oil & Gas expects revenue for 2017 to exceed US$400mln
The Kazakh oiler told investors that production averaged 39,199 boepd in 2017 and highlighted the benefit of better crude prices
RWS Holdings weak as it launches placing funded US$320mln acquisition
A look at some of the biggest risers and fallers in London today
FTSE 100 closes higher on historic Brexit trigger day
Donald Tusk, the president of the European Council, will publish a short statement acknowledging that Article 50 has been triggered
FTSE 100 marks longest record-breaking rally in history
The FTSE 100 index has closed at a record high for the ninth day in a row on Tuesday, the longest such stretch in history, as the bourse got a boost from a weaker home currency
FTSE 100 stocks hit fresh record before slipping as US stocks turn soft
The FTSE 100 index reached a new peak of 7,211.96 today, exceeding the level it hit on Tuesday, the first session of 2017, and was up 19 points at 7,209 at 3.30pm.
Tullow Oil shares drop as Numis cuts its rating to sell on valuation grounds
Numis said: “Tullow remains (one of) the market’s preferred ways to play the oil price, however, after recent strong performance we believe the shares have run ahead of themselves”
FTSE 100 shares fall despite oil gains
FTSE 100 shares closed lower on Thursday, as oil sector gains failed to catch on
Tullow Oil needs to unlock value in Kenya with a farm-out - broker
Tullow's partner banked nearly half a billion from a farm-out earlier this year, and Numis says a similar deal could help Tullow fix its balance sheet.
Oil, gas and mining stocks outshine housebuilders after 'Brexit' - broker
Oil & gas and mining stocks have survived the 'Brexit' fallout largely unscathed
Week Ahead: Bunzl, ARM Holdings and 888 Holdings on the agenda
Not only is it a sorter week, but the diary suggest it fairly quiet for investors too.
Nostrum Oil & Gas highlights US$49 oil price hedging
The Kazakhstan based oil producer has locked in a sales price of US$49.16 for about a third of its production.
City hits reset after Game profit warning
Game Digital, Ted Baker, Stagecoach and Nostrum Oil & Gas were all in Wednesday’s broker spotlight.
London's shares slip further at lunch
Data did little to entice investors into buying, with third quarter GDP figures growing by only 0.5%.
Investments and investor services
Risers & Fallers: African Potash, DS Smith, Dialight, InternetQ and Telford Homes
Below are the main news-driven share price movements at 4.15pm.
Investments and investor services
FTSE100 opens lower despite BP gains
Early deals were dominated by corporate news, with BP reporting a US$1.8bn profit for the third quarter.
Tethys searching for a solution
Stewart Dalby, a veteran of the oil sector, walks us step by step through the 'issues' faced by Tethys.
Tethys Petroleum’s Tajik venture in doubt as deadline passes for cash-call
Tethys says it will use “all commercially reasonable efforts” to protect its interests
Tethys takeover by Nostrum is off as shareholder snubs offer
It comes after a new suitor said it would buy Tethys shares at 16p, and would make C$24mln available to the Kazakhstan focussed oil and gas firm.
Tethys Petroleum has new suitor
If the bid talks with Nostrum falter, Tethys has a new admirer waiting in the wings
Tethys Petroleum reveals Clive Oliver as new CFO
It comes amid Tethys ongoing restructuring and the closure of the office in Guernsey
Archive
Proactive oil & gas highlights – Offshore Ireland, Falklands, President Energy, Primeline Energy, Highlands Natural Resources, IOG
It was another busy week in the oil and gas sector
Tethys Petroleum agrees premium price for possible takeover
Nostrum's potential offer prices Tethys at a big premium
Proactive Oil & Gas highlights - LGO Energy, 88 Energy, Mosman, President Energy, VOG, Gulf Keystone, Tethys Petroleum
The week's oil and gas highlights included LGO Energy, 88 Energy, Mosman, President Energy, VOG, Gulf Keystone, Tethys Petroleum
Investments and investor services
Proactive news highlights: Asiamet, Paragon Diamonds, Accesso, Condor Gold, Genel Energy and more
Mosman Oil & Gas (LON:MSMN) moved STEP closer to acquisition with a royalty agreement worth NZ$4mln.
FTSE 100 ends higher after strong start on Wall Street
“With that being impossible, they have opted for the second choice, namely running around in circles," Chris Beauchamp at IG said.
UPDATE - Nostrum Oil losing patience with Tethys as talks stall
The proposed deal has a number of conditions related to Tethys' assets in Kazakhstan.
Tuesday's agenda: Can BHP protects its dividend policy?
With investors still shaken from the global sell-off on Monday, BHP Billiton and Regus throw themselves into the limelight tomorrow.
Investments and investor services
Proactive news highlights: condor Gold, CentralNic, Sphere Medical, LGO, KEFI, Green Dragon...
On a day when housebuilders dominated the headlines in the large cap space, oil and gas minnows were the talk of the small caps today.
Tethys Petroleum boss John Bell says turnaround now well underway
“I am encouraged by the performance of the gas division and the cost reductions achieved at group level,” Bell said.
Investments and investor services
FTSE 100 ends higher on Greece deal; IAG leads risers
The FTSE 100 finished 64 points higher at the close of play to 6,737.
Investments and investor services
Proactive news summary including Anglo Asian, Tethys Petroleum, ZincOx, MX Oil, Motive TV and more
There was a lot of news in the world of small caps today, starting with Tethys Petroleum
Tethys soars as Nostrum aims to gazump AGR Energy
Nostrum's potential approach is pitched at a 15% premium to the price that AGR Energy agreed to pay for new shares
Investments and investor services
FTSE 100 rises at lunch as Greece deal details emerge
In the UK, the FTSE 100 climbed 50 points by lunch to sit at 6,727.
Investments and investor services
Most followed: Greek bailout, Alent, MX Oil, Nostrum, Tethys Petroleum
The markets liked the Greek bailout deal, and micro-proposals imposed on the country to loosen up the over-the-counter pharmacy sector do at least mean it will be easier for Greek PM Alexis Tsipras to buy the huge quantity of aspirin he pro
Investments and investor services
Risers & fallers: Alent, IAG, Marks & Spencer, IPF, Nostrum Oil & Gas, ARM Holdings
The mergers & acquisitions season appears to have started.