REG - Nostrum Oil & Gas - CFO Appointment

Nostrum Oil & GasAnnouncement

23/06/2023 07:00

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RNS Number : 6578D  Nostrum Oil & Gas PLC  23 June 2023

 

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

FOR IMMEDIATE RELEASE

 

 

London, 23 June 2023

 

CFO Appointment

 

Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or the "Company" and together
with its subsidiaries, the "Group"), an independent oil and gas company
engaging in the production, development and exploration of oil and gas in the
pre-Caspian Basin, today announces the appointment of Petro Mychalkiw as
Chief Financial Officer (CFO) effective 21 August 2023.

 

Mr Mychalkiw is a chartered accountant with over 17 years of experience
leading finance teams within the natural resources industry, including both
oil and gas businesses and mining/metals companies. Mr Mychalkiw has extensive
public company experience and first-hand experience of E&P operations in
the Republic of Kazakhstan.

 

Mr Mychalkiw's previous roles in emerging markets include serving as Group CFO
at I-Pulse Inc, High Power Petroleum LLC, Equus Petroleum Plc and Orsu Metals
Corporation and serving as Regional Finance Director and Group Head of
Corporate Finance at Oriel Resources Plc.

 

The Company anticipates that Mr Mychalkiw will also join Nostrum's Board of
Directors in due course.

 

 

Stephen Whyte, Chairman of the Board, commented:

 

"On behalf of the Board I am delighted to welcome Petro to Nostrum. He joins
the Company following the successful completion of its restructuring and as
Nostrum is now at an important stage in its development.  His extensive
experience at the Group CFO level will be integral in supporting many of the
initiatives and the anticipated growth that we expect to deliver at Nostrum."

 

 

Arfan Khan, Chief Executive Officer, commented:

 

"Petro brings a wealth of corporate, finance and capital markets experience in
the energy sector as well as knowledge and experience of working in Kazakhstan
that will be of crucial importance as we continue to explore opportunities to
commercialise our world class infrastructure as part of our mixed-asset
energy strategy. I look forward to working with him at this very exciting time
for the Company."

 

 

LEI: 2138007VWEP4MM3J8B29

 

Further information

For further information please visit www.nog.co.uk (http://www.nog.co.uk)

 

Further enquiries

Ulugbek Makhmadiyarov - Head of Finance

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

 

Instinctif Partners -
UK
 

Tim McCall

Galyna Kulachek

Vivian Lai

+ 44 (0) 207 457 2020

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

 

Notifying person

Thomas Hartnett

Company Secretary

 
 

 

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) and the Astana International Exchange (ticker symbol: NOG). The
principal 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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