Business
Operational Update for Q1 ended 31 March 2026
Nostrum Oil & Gas PLC reported a positive start to 2026, with average daily processed volumes increasing by 11.2% to 26,708 boepd in Q1 2026 compared to Q1 2025, driven by higher third-party feedstock and effective well workovers. This operational improvement resulted in over US$10 million in net operating cash flow and an estimated revenue of approximately US$32.8 million for the quarter, up from US$30.0 million in the prior year. The company's unrestricted cash balance grew to over US$151 million as of March 31, 2026. Safety performance remained strong with zero fatalities and zero Total Recordable Incidents. Disclaimer*
About this update from Nostrum Oil & Gas Plc
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 FOR IMMEDIATE RELEASE London, 30 April 2026 Operational Update for the quarter ended 31 March 2026 Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or the "Company" and together with its subsidiaries, the "Group"), an independent energy company with gas processing infrastructure and an export hub in north-west Kazakhstan, today announces its operational update for the quarter ended 31 March 2026 ("Q1 2026"). Viktor Gladun, Chief Executive Officer of Nostrum Oil & Gas PLC, commented: "I am pleased to report a positive start to 2026, with over 11% increase in average daily processed volumes compared to Q1 2025. This was driven by higher third-party feedstock and effective management of the expected decline at Chinarevskoye through well workovers. As a result, the Group generated over US$10 million net operating cash flow. Moving forward, we will continue to focus on safe and reliable operations, financial resilience and disciplined execution of our strategic objectives to support long-term value creation." Q1 2026 Highlights: Operational Production and sales · A 11.2% increase in average daily processed volumes (i.e. Chinarevskoye and Ural O&G feedstock, including condensate tolling) to 26,708 boepd in Q1 2026 (Q1 2025: 24,009 boepd). This includes an 8.4% increase in average daily titled production volumes (i.e. Chinarevskoye production and dry gas and LPG produced from Ural O&G feedstock) to 18,243 boepd in Q1 2026 (Q1 2025: 16,830 boepd). These increases were achieved through continuing to process the ramping up feedstock from Ural O&G and managing the expected decline in Chinarevskoye production through well workovers. · The split of the titled production volumes (i.e. Chinarevskoye production and dry gas and LPG produced from Ural O&G feedstock) was as follows: Products Q1 2026 volumes (boepd) Q1 2025 volumes (boepd) Y-on-Y change (%) Q1 2026 product mix (%) Q1 2025 product mix (%) Crude Oil 1,885 2,650 (28.9)% 10.3% 15.7% Stabilised Condensate 1,756 1...
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