Nostrum Oil & Gas (GB:NOG) has released an update.
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Nostrum Oil & Gas reported a 34% increase in average daily production and a 70% rise in processed volumes for the first nine months of 2024, driven by enhancements in their facilities and new well outputs. Despite a production decline in the Chinarevskoye field, the company maintained robust EBITDA levels and generated significant cash inflows, thanks to effective cost management and increased sales. As the company advances its upstream projects and strategic objectives, it continues to focus on maximizing shareholder value.
For further insights into GB:NOG stock, check out TipRanks’ Stock Analysis page.
