Nostrum Oil & Gas - NOG Stream Log

"1Q16 Financials are broadly in line and operations are on track. Among the larger UK listed E&Ps, Nostrum is one of the few names still offering upside on our commodity price deck. 1Q16 Production stood at 38,754 boe/d as previously reported and FY16 Production guidance of 40 mboe/d remains unchanged. The Construction of GTU III remains on track for completion in 2017. 1Q16 Opex now stand at US$3.5/boe. Net Cash Flow from operating activities over the period was US$27.0 mm. Excluding changes in working capital takes that number to US$38.3 mm, not very far from our forecasts of US$43 mm..." FirstEnergy published a new note on Nostrum this morning, you can access it on Research Tree

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