Change of Name to Nostrum Oil & Gas LP

RNS Number : 2435V

Nostrum Oil & Gas LP

11 December 2013

 

Change of Name to Nostrum Oil & Gas LP

New name to replace Zhaikmunai L.P.

Amsterdam, 11 December 2013- Nostrum Oil & Gas LP (LSE: NOG) ("Nostrum Oil & Gas", or the "Partnership"),the independent oil and gas exploration and production enterprise with assets in Kazakhstan, today announces that it has changed its name to Nostrum Oil & Gas LP from Zhaikmunai L.P. with immediate effect, as announced following its Special General Meeting ("SGM") of limited partners held on Friday, 29 November 2013.

Nostrum Oil & Gas is a multi-field E&P enterprise currently operating in north-west Kazakhstan. Its main producing asset is the Chinarevskoye field located in the northern part of the oil-rich pre-Caspian basin. Other assets currently include the Rostoshinskoye field, the Darjinskoye field, and the Yuzhno-Gremyachenskoye field, which are all located in the vicinity of the Chinarevskoye field and its Gas Treatment Facility (GTF).

Nostrum Oil & Gas focuses on creating long-term shareholder value through the discovery and development of oil and gas reserves as well as the production and sale of crude oil, stabilised condensate, LPG and dry gas. The Partnership is committed to a long-term strategy of developing its hydrocarbon fields efficiently, as part of its environmentally friendly and socially responsible approach.

The change of name reflects the development of the Partnership into a multi-asset operator, as well as the Partnership's current profile and strategy of expanding its portfolio of producing assets and pursuing its growth strategy.

The Partnership's principal operating subsidiary in Kazakhstan will continue to operate under the name of Zhaikmunai LLP.

The change of name takes place with immediate effect. The Partnership's ticker has changed to NOG on the London International Exchange (London Stock Exchange).

The Partnership's corporate headquarters remain unchanged:

Nostrum Oil & Gas LP

Gustav Mahlerplein 23 B

1082 MS Amsterdam

The Netherlands

T: + 31 20 737 2288

F: + 31 20 737 2292

VAT number: NL85 24 53 048 B01

Registration number: KvK 57137668

The website of Nostrum Oil & Gas is: www.nog.co.uk

Further information

For further information please visit www.nog.co.uk

Further enquiries

Nostrum Oil & Gas LP - Investor Relations

Bruno G. Meere

Kirsty Hamilton-Smith

[e-mail]                                                                                       + 31 20 737 2288

College Hill - UK                                                                                  + 44 (0) 207 457 2020

David Simonson

Tony Friend

Catherine Wickman

Anca Spiridon

Promo Group Communications - Kazakhstan

Asel Karaulova

Ekaterina Sulema                                                                               + 7 (727) 264 67 37

Deutsche Bank                                                                                   + 44 (0) 207 545 8000

Ben Lawrence

JM Hafner

Rob Abbott

VTB Capital plc                                                                                   + 44 (0) 203 334 8000

Alexander Metherell

Marcus Brown

Giles Coffey

About Nostrum Oil & Gas

Nostrum Oil & Gas is an independent oil and gas enterprise currently engaging in the production, development and exploration of oil and gas in north-western Kazakhstan. Its Global Depositary Receipts (GDRs) are listed on the London Stock Exchange (Ticker symbol: NOG). The principal producing asset of Nostrum Oil & Gas LP is the Chinarevskoye field, in which it holds a 100% interest and is the operator, through its wholly-owned subsidiary Zhaikmunai LLP. In addition, Nostrum Oil & Gas holds a 100% interest in and is the operator of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil and gas fields. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are approximately 60 and 120 kilometres respectively from the Chinarevskoye field.

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Partnership or its officers with respect to various matters. When used in this document, the words "expects," "believes," "anticipates," "plans," "may," "will," "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.

Deutsche Bank

Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and authorised and subject to limited regulation by the Financial Conduct Authority (the "FCA"). Details about the extent of Deutsche Bank AG's authorisation and regulation by the FCA are available on request.

VTB Capital

VTB Capital Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

 

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