tiprankstipranks
Nostrum Oil & Gas Embraces Strategic Transformation
Company Announcements

Nostrum Oil & Gas Embraces Strategic Transformation

Nostrum Oil & Gas (GB:NOG) has released an update.

Don't Miss Our Christmas Offers:

Nostrum Oil & Gas PLC reports a transformative year with the implementation of its mixed-asset energy strategy, restructuring of bonds, and acquisition of new fields, despite a drop in revenues to $119.6m and EBITDA to $42.1m in FY 2023 due to production declines and lower Brent prices. Key operational achievements include starting third-party feedstock processing and re-starting the GTU-3 gas plant, alongside an improvement in its ESG Risk Rating, positioning the company for strategic advances in 2024.

For further insights into GB:NOG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskNostrum Oil & Gas Restructures Share Capital
TipRanks UK Auto-Generated NewsdeskNostrum Oil & Gas Reports Strong Q3 Financial Performance
TipRanks UK Auto-Generated NewsdeskNostrum Oil & Gas Boosts Production and Revenue in 2024
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App