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IN BRIEF: Nostrum Oil & Gas shares fall after restoration in trading

ALN

Nostrum Oil & Gas PLC - independent oil and gas company focused on the Caspian Basin - Shares were restored at 1400 BST on Tuesday. The shares were suspended at the start of May due to a delay in posting results.

On Friday, Nostrum posted revenue of $199.7 million for 2022 against an average Brent price of $99 per barrel of crude oil, compared to revenue of $195.3 million in 2021, against a Brent price of $71 per barrel of crude oil. Earnings before interest, tax, depreciation and amortisation rose to $115.7 million, from £112.5 million a year earlier.

Current stock price: 9.00 pence, down 11%

12-month change: down 9.4%

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