Canaccord Genuity has been appointed as Sole Broker to Nostrum Oil & Gas Plc

Canaccord Genuity’s Corporate Broking Team is pleased to announce it has been appointed as Sole Broker to Nostrum Oil & Gas Plc (“Nostrum” or the “Company”).

Nostrum is an independent oil and gas company with assets located in north west Kazakhstan. Nostrum’s current producing asset is the Chinarevskoye field – a 274km square licence located to the north of Uralsk. The Chinarevskoye field produced an average 10,048 boepd in H1 2023 and has produced more than 100 million boe since 2004.

Nostrum has invested over US$1bn into its infrastructure in North-western Kazakhstan.  The current production levels utilise under 20% of its capacity. Three fully commissioned gas treatment units have a combined nameplate processing capacity of 4.2 bcm per year. Nosturm’s focus is to try to fill the spare capacity with third party gas in order to grow shareholder value.

In February 2023, the Company successfully  completed a significant restructuring of its debts  and has totally refreshed its board allowing it to enter into a new stage of development focusing on a mixed asset energy strategy under the banner of  “Nostrum 2.0”  

This is the 13th new client appointment for Canaccord Corporate Broking since August 2022.