26.05.2015, 14:20
NOSTRUM OIL & GAS PLC (United Kingdom) announces financial results of operations for first quarter of 2015
OREANDA-NEWS. NOSTRUM OIL & GAS PLC (London), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), today provided KASE with the
following press-release:
"... Financial results for the First Quarter ending 31 March 2015. Financial highlights from the quarter: Revenue of US\$100m, down 38% from Q4 2014 (US\$161.6 million); additional revenue from Q1 to be recognised in Q2 of approximately US\$13m from export gas sales. The transportation contract allowing the export of our dry gas sales was only signed in Q2 preventing us booking the additional revenue in Q1".
"... Financial results for the First Quarter ending 31 March 2015. Financial highlights from the quarter: Revenue of US\$100m, down 38% from Q4 2014 (US\$161.6 million); additional revenue from Q1 to be recognised in Q2 of approximately US\$13m from export gas sales. The transportation contract allowing the export of our dry gas sales was only signed in Q2 preventing us booking the additional revenue in Q1".
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