Nostrum Oil & Gas PLC (LON:NOG)
London · Delayed Price · Currency is GBP · Price in GBX 4.000
+0.500 (14.29%)
May 19, 2026, 11:58 AM GMT
Nostrum Oil & Gas Earnings Call Transcripts
Fiscal Year 2024
-
Delivered strong financial and operational results in 2024, with revenue up 14.6% and EBITDA up 16% year-over-year. Extended UOG processing agreement to 2031, achieved major Stepnoy Leopard milestones, and maintained robust liquidity despite a higher net debt position.
-
H1 2024 saw a 23.7% revenue increase and 44% EBITDA growth, driven by higher production, new wells, and third-party gas processing. Stepnoy Leopard reserves rose fivefold, with a $100 million CapEx for initial development, and cash reserves remain strong.