NOSTRUM OIL & GAS PLC

Board/Management Information • Aug 16, 2024

National Storage Mechanism | Additional information

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/  

Further enquiries

Nostrum Oil & Gas PLC

Petro Mychalkiw

Chief Financial Officer

ir@nog.co.uk                                                                                                       

Instinctif Partners   - UK                                                                                         

Guy Scarborough

Vivian Lai

+ 44 (0) 207 457 2020

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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