FTSE 250 admission

RNS Number : 7917Q

Nostrum Oil & Gas PLC

03 September 2014

 

Nostrum Oil & Gas plc

3 September 2014

Nostrum Oil & Gas plc

FTSE 250 Inclusion Announced

Amsterdam, 3 September 2014: Nostrum Oil & Gas plc (LSE: NOG) ("Nostrum", or the "Company" and together with its subsidiaries, the "Group"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, announces that it has been notified by the FTSE Group ("FTSE") that it will be joining the FTSE 250 Index with effect from 22 September.

Kai-Uwe Kessel, Chief Executive Officer of Nostrum, commented:

"Following our recent Premium listing, the inclusion in the FTSE 250 Index further highlights our status as a leading UK listed oil and gas producer.  We look forward to broadening our investor base whilst we continue to work towards doubling our production to 100,000 boepd by the end of 2016. I am extremely grateful for the ongoing hard work from our team and look forward to continuing to deliver against our targets in the months ahead."

Further information

For further information please visit www.nog.co.uk 

Further enquiries:

Nostrum Oil & Gas plc- Investor Relations

Kirsty Hamilton-Smith

Bruno G. Meere

[e-mail]                                                                                                                                             

+ 44 (0) 203 740 7430

Instinctif Partners - UK                                                                                                           

Tony Friend

David Simonson

Anca Spiridon

Catherine Wickman

+ 44 (0) 207 457 2020

Promo Group Communications - Kazakhstan            

Asel Karaulova                                                                                                                                         

+ 7 (727) 264 67 37

About Nostrum Oil & Gas

Nostrum Oil & Gas plc is an independent oil and gas company currently engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker symbol: NOG). The principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye field, in which it holds a 100% interest and is the operator through its wholly-owned subsidiary Zhaikmunai LLP. In addition, Nostrum Oil & Gas holds a 100% interest in and is the operator of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil and gas fields through the same subsidiary. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are situated approximately 60 and 120 kilometres respectively from the Chinarevskoye field.

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Group or its officers with respect to various matters. When used in this document, the words "expects," "believes," "anticipates," "plans," "may," "will," "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.

No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity, and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by the Listing Rules or the Disclosure and Transparency Rules and applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.

 

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