Redemption of 2015 Bonds

RNS Number : 4336C

Nostrum Oil & Gas LP

17 March 2014

 

Redemption of 2015 bonds

Nostrum Oil & Gas LP (LSE: NOG) ("Nostrum", or the "Partnership"), the oil and gas exploration and production partnership with assets in north-western Kazakhstan, today announces that it has issued instructions to the trustee to redeem the outstanding US$92,505,000 of its 10.5% Senior Notes due in 2015 (the "Notes"). Nostrum is exercising its right of optional redemption under the Notes. The redemption price is 105.25% plus accrued and unpaid interest. The Notes may be redeemed upon not less than 30 nor more than 60 days' notice. The redemption date will be April 14^th 2014.   

Further information

For further information please visit www.nostrumoilandgas.com

Further enquiries

Nostrum Oil & Gas LP - Investor Relations

Bruno G. Meere

Kirsty Hamilton-Smith

[e-mail]                                                                                   + 31 20 737 2288

Instinctif Partners - UK                                                                                    + 44 (0) 207 457 2020

David Simonson

Tony Friend

Catherine Wickman

Anca Spiridon

Promo Group Communications - Kazakhstan

Asel Karaulova

Ekaterina Sulema                                                                                               + 7 (727) 264 67 37

Deutsche Bank                                                                                               + 44 (0) 207 545 8000

Ben Lawrence

JM Hafner

Rob Abbott

VTB Capital plc                                                                                               + 44 (0) 203 334 8000

Alexander Metherell

Marcus Brown

Giles Coffey

About Nostrum Oil & Gas

Nostrum Oil & Gas is an independent oil and gas enterprise currently engaging in the production, development and exploration of oil and gas in north-western Kazakhstan. Its Global Depositary Receipts (GDRs) are listed on the London Stock Exchange (Ticker symbol: NOG). The principal producing asset of Nostrum Oil & Gas LP 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. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are 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 Partnership 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.

Deutsche Bank

Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and authorised and subject to limited regulation by the Financial Conduct Authority (the "FCA"). Details about the extent of Deutsche Bank AG's authorisation and regulation by the FCA are available on request.

VTB Capital

VTB Capital Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

 

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