2004 - 2013

Nostrum’s US$1.5 billion phase 1 development plan focused on the Chinarevskoye field, and covered the following key components:

  • 2008: US$100m IPO at $10 per GDR and US$550m borrowing-based facility in place.
  • 2009: US$300m placing at $4 per GDR.
  • 2009: 120km crude oil and stabilised condensate pipeline completed between the Chinarevskoye field and the rail terminal, near Uralsk.
  • 2009: Opening of fully automated rail loading terminal.
  • 2010: US$450m bond raised at 10.5%.
  • 2011: Gas Treatment Facility completed.
  • 2011: 17km dry gas pipeline completed.
  • 2012: First distribution payment of US$0.32/GDR.
  • 2012: US$560m bond issued at 7.125% to refinance part of bond debt and for general corporate purposes.
  • 2013: GTU3 project commenced.
  • 2013: Distribution payment of $US0.34/GDR.