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Nostrum Oil & Gas PLC - London-based, Caspian Basin-focused independent oil and gas company - Celebrates ‘successful’ launch of new compressor which is ‘doubling’ its gas lift capacity at maturing Chinarevkoye field and reducing production decline there. Says start-up was completed in line with budget despite ‘significant delays’ to delivery due to sanctions on Russia. Nostrum adds that ‘initial production gains exceed management’s expectations’. Current stock price: 11.40 pence, up 7.6% 12-month change: Multiplied Copyright 2023 Alliance News Ltd. All Rights Reserved.
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