LSE-listed Nostrum is looking at strategic alternatives after its latest Kazakh deal (see related entry). As usual, these could include, but are not limited to, an outright sale, new acquisitions or farm-down deals, or gas throughput agreements to benefit from its gas-treatment plants.
Nostrum has conditionally agreed to acquire a 50% share in Positive Invest, holder of subsoil use rights to the Stepnoy Leopard licences in NW Kazakhstan, for US$0,5 MM. Stepnoy Leopard features 2 licences + 8 fields, mainly gas-cond.