Nostrum Oil & Gas PLC (LON:NOG)
London · Delayed Price · Currency is GBP · Price in GBX 1.330
-0.320 (-19.39%)
Apr 24, 2026, 4:40 PM GMT
Nostrum Oil & Gas Earnings Call Transcripts
Fiscal Year 2024
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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.
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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.