BAKU, Azerbaijan, May 19
By Nargiz Sadikhova - Trend:
Revenue of Nostrum Oil & Gas PLC company operating in Kazakhstan amounted to $60.4 million in 1Q2020 compared to $95.4 million in 1Q2019, Trend reports with reference to the company.
Net operating cash flows of the company amounted to $29.2 million in 1Q2020, which indicates a decrease compared to $42.2 million in 1Q2019.
Company’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to $31.7 million, which is less than $58.7 million in 1Q2019.
EBITDA margin was 52.5 percent during the reporting period of 2020 compared to 61.5 percent in 2019.
Closing cash for the period amounted to $66.1 million ($93.9 million in 1Q2019). Total debt amounted to $1.1 billion and net debt amounted to $1.0 billion as of March 31, 2020.
The company’s average sales volumes were 22,903 barrels of oil equivalent per day in 1Q2020.
The average sales volumes of crude oil & stabilized condensate amounted to 8,968 barrels of oil equivalent per day in 1Q2020. Average sales of liquid petroleum gas were 2,862 barrels of oil equivalent per day, whereas average sales of dry gas were 11,074 barrels of oil equivalent per day.
Nostrum Oil & Gas is an oil and gas exploration company based in North-Western Kazakhstan, with substantial infrastructure assets and connections to major export destinations.
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