REG - Nostrum Oil & Gas - Board Changes

Nostrum Oil & GasAnnouncement

16/08/2024 07:00

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RNS Number : 6581A  Nostrum Oil & Gas PLC  16 August 2024

 

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FOR IMMEDIATE RELEASE

 

London, 16 August 2024

 

Board Changes

Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or the "Company" and
together with its subsidiaries, the "Group"), an independent mixed-asset
energy company with world-class gas processing facilities and an export hub in
north-west Kazakhstan, is pleased to announce that Viktor Gladun has been
appointed as a non-executive director of the the Company effective 15 August
2024.

Mr Gladun is a business manager with extensive experience in the energy
sector.  Viktor was the CEO and executive director on the board of directors
of JKX Oil and Gas plc, a UK-headquartered hydrocarbon exploration company,
from 2019 through 2022, after having served as Acting CEO of JKX during
2017-2018.  Viktor also served as the CEO of JKX's Ukrainian subsidiary
Poltava Petroleum Company JV from 2016-2022.  Prior to that he held executive
financial roles at DTEK & NIKO, a senior auditor position at TNK-BP and a
tax consultant position at Arthur Andersen.  Viktor is currently a
non-executive director of Bank Avangard JSC and of Energy Trade Group LLC,
both based in Ukraine.

The Company also announces that Martin Gudgeon, a non-executive director of
the Company and a member of the Nomination and Governance Committee of the
Board of Directors, has been appointed as Acting Chair of such committee.  In
his role as Acting Chair Martin replaces Christopher Cox, who stepped down
from the Board earlier this year.

As previously announced, the Company has commenced a search for an additional
independent non-executive director to be appointed to the Board, taking into
consideration Nostrum's Board diversity goals, and will make any further Board
announcements as appropriate.

Stephen Whyte, Chair of Nostrum's Board, said:

"Viktor brings significant oil & gas sector experience and I am delighted
to welcome him to the Nostrum Board.

I would also like to thank Martin Gudgeon for agreeing to serve as Acting
Chair of the Board's Nomination and Governance Committee, which will ensure
that there is continuity and leadership in the conduct of the Committee's
activities."

 

LEI: 2138007VWEP4MM3J8B29

 

Further information

For further information please visit https://www.nostrumoilandgas.com/
(https://www.nostrumoilandgas.com/)

 

Further enquiries

Nostrum Oil & Gas PLC

 

Petro Mychalkiw

Chief Financial Officer

ir@nog.co.uk (mailto:ir@nog.co.uk)
 
 

 

Instinctif Partners -
UK
 

Guy Scarborough

Vivian Lai

+ 44 (0) 207 457 2020

nostrum@instinctif.com (mailto:nostrum@instinctif.com)

 

 About Nostrum Oil & Gas

Nostrum Oil & Gas PLC is an independent oil and gas company currently
engaging in the production, development and exploration of oil and gas in the
pre-Caspian Basin. Its shares are listed on the London Stock
Exchange (ticker symbol: NOG). The producing asset of Nostrum Oil & Gas
PLC is the Chinarevskoye field, which is operated by Zhaikmunai LLP, a
wholly-owned subsidiary of Nostrum Oil & Gas PLC and the sole holder of
the subsoil use rights with respect to the development of the 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 Company 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 nor guarantees and are subject to risks and uncertainties
that could cause actual outcomes to differ materially from those suggested by
any such statements.

 

No part of this announcement constitutes, or shall be taken to constitute, an
invitation or inducement to invest in the Company or any other entity, and
shareholders of the Company are cautioned not to place undue reliance on the
forward-looking statements. Save as required by the relevant listing rules and
applicable law, the Company does not undertake to update or change any
forward-looking statements to reflect events occurring after the date of this
announcement.

 

 

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