Nostrum Oil & Gas

Nostrum Oil & Gas is an independent oil and gas company, engaged in the production, development and exploration of oil and gas. Co. operates three exploration concessions and are primarily conducted through its oil and gas producing subsidiary Zhaikmunai LLP located in Kazakhstan. Zhaikmunai LLP carries out its activities in accordance with the Contract for Additional Exploration, Production and Production-Sharing of Crude Hydrocarbons in the Chinarevskoye oil and gas condensate field for the exploration and production of hydrocarbons in Chinarevskoye oil and gas condensate field.
  • TickerNOG
  • ISINGB00BGP6Q951
  • ExchangeLondon Stock Exchange
  • SectorOil & Gas Producers
  • CountryUnited Kingdom

Analysts

Philip Morrish

Value Indicator - UK Basic Resources 09122019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 09122019

Currently '(TM)Valule Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

NOSTRUM OIL & GAS PLC. sees a downgrade to Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of NOSTRUM OIL & GAS PLC. (GB), active in the Exploration & Production industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date December 3, 2019, the closing price was GBp 19.50 and its target price was estimated at GBp 8.46.

Philip Morrish

Value Indicator - UK Basic Resources 02122019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 02122019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & materials, Telecoms and Utilities sector of quoted companies on the London Stock Exchange's main market.

Kiti Pantskhava

Nostrum Oil: Upgrade to Hold on price performance

Mysterious rally. We have noticed a two-fold increase in the Nostrum Oil equity price since 11 October, accompanied by uncharacteristically high trading volumes, according to Bloomberg. NOGLN 22s and 25s have also seen buying interest, with bond prices recovering from their all-time lows of 45-46 to the 49 area. There have been no developments in fundamentals that could have caused the shift in investor sentiment. However, given the ongoing strategic review that could change the shape of Nostrum’s business and, potentially, enable it to focus on production growth, we cannot ignore price moves ...

Kiti Pantskhava

Nostrum Oil: One step closer to debt restucturing

Nostrum Oil reported that the second unsuccessful well in 2019, Well 41, drilled in the North of the company’s only producing asset Chinarevskoye field, did not deliver commercial flow of hydrocarbons. The news comes after Well 42 showed similarly discouraging results.

Kiti Pantskhava

Nostrum Oil: No positive credit triggers in 2019

We downgrade NOGLN 22s and 25s to Sell on the absence of positive triggers that could improve the credit outlook in the next 3-6 months. The H1 19 results and conference call did not answer the question about Nostrum’s ability to ramp up production from c30,000boepd, while Brent trading below US$60/bbl limits the company’s ability to finance an expansionary drilling programme and the second leg of a recently announced acquisition of Stepnoy Leopard licenses.

Kiti Pantskhava

Nostrum Oil & Gas: Upside constrained by uncertainty

Reiterate Hold. In July, S&P downgraded Nostrum Oil to CCC+ from B-, sending bond prices to their all-time lows. Bonds have recovered some of the losses since, but valuations remain cheap for a company that has no short-term liquidity issues and will be free-cash-flow neutral in 2019, according to our forecasts (Table 1). Uncertainty about future production and potential corporate transactions that could result in a change of control will continue to weigh over bond prices. We believe that at current levels, downside risk to NOGLN 22s and 25s is low and upside risk is high. The results of test...

Kiti Pantskhava

Nostrum Oil: The company is on sale

Nostrum says it will consider bids from third parties who want to acquire the company, and is also open to other options including farm-outs of stakes in some assets.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior