Distribution of US$0.35 per common unit

RNS Number : 6426G

Nostrum Oil & Gas LP

09 May 2014

 



Nostrum Oil & Gas LP announces a
distribution of US$ 0.35 per common unit

Amsterdam, 9 May 2014.  The Board of the general partner of Nostrum Oil & Gas LP (LSE: NOG) ("Nostrum" or the "Partnership"), the oil and gas exploration and production enterprise with assets in north-western Kazakhstan, today announced that a distribution of US$ 0.35 per common unit will be made by the Partnership to the holders of common units representing limited partnership interests.  The distribution will be paid by the Partnership on 6 June 2014 to common unit holders on Nostrum's register of partners and interests at the close of business on 30 May 2014.

Details relating to the distribution

Distribution Payer:                              Nostrum Oil & Gas LP

Announcement date:                          9 May 2014

Gross distribution rate:                       US$ 0.35 per common unit

Common unit record date:                 30 May 2014

GDR record date:                               30 May 2014

Common unit payment date:              6 June 2014

Depositary Bank for GDRs:                The Bank of New York Mellon

                                                            101 Barclay Street, 22^nd Floor

                                                             New York, NY  10286

                                                             Attn: ADR Division

Distributions will be subject to the deduction of Netherlands dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances.

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

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.

 

END

 

 

MSCBUGDUIBGBGSI