Business
Clarification: Ural O&G LLP gas processing update
Clarification: Ural O&G LLP gas processing update.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \n \n RNS Number : 6172F\n Nostrum Oil & Gas PLC\n 10 March 2020\n \n \n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\n \n \n \n \n \n The announcement issued by Nostrum Oil & Gas PLC ('Nostrum' or 'the Company') yesterday (9 March 2020), in connection with gas deliveries by Ural Oil & Gas LLP, abbreviated Ural Oil & Gas LLP as 'UOG'. To avoid any confusion with any other company, Nostrum is reissuing its announcement of yesterday (RNS number 3564F) clarifying that its counterparty referred to in the release is Ural Oil & Gas LLP.\n \n \n \n \n \n All other details remain unchanged.\n \n \n \n \n \n London, 10 March 2020\n \n \n \n \n \n \n \n \n Clarification: Ural Oil & Gas LLP gas processing update\n \n \n \n \n \n \n \n \n Nostrum Oil & Gas PLC (LSE: NOG) (\"Nostrum\", or \"the Company\"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, \n today provides an update on its agreements to process Ural Oil & Gas LLP (\"Ural\") gas.\n \n \n \n \n \n Nostrum has been informed by \n Ural \n that its delivery of gas to Nostrum will be delayed. \n Ural \n is currently working on a new timetable for delivery of gas to Nostrum. Despite this delay, \n Ural \n management expressed full commitment to deliver the gas before any penalties arise under the existing agreements, which would require gas to be delivered before 9 April 2023. Nostrum will provide further information when it receives further guidance from \n Ural \n regarding the date for expected delivery of first gas. \n \n \n \n \n \n Nostrum remains in discussion with other third parties regarding the processing of gas through its infrastructure.\n \n \n \n \n \n Disclosure of inside information in accordance with Article 17 of Regulation (EU) 596/2014\n \n (16 April 2014) relating to Nostrum Oil & Gas PLC. \n \n \n \n \n \n LEI: 2138007VWEP4MM3J8B29\n \n \n \n \n \n Further information\n \n \n For further information please visit \n \n \n www.nog.co.uk\n \n \n \n \n \n \n \n \n Further enquiries\n \n \n ...