Nostrum Oil & Gas Plc
NOG:LN
Overview
Company Profile
Nostrum Oil & Gas is an independent multi-field oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. It aims to become one of the leading independent oil and gas exploration and production companies in the former Soviet Union. Its range of products includes crude, stabilised liquid condensate, LPG and dry gas. All production comes from the Chinarevskoye licence. It targets an average daily production of 45,000 boepd and expects to double output capacity in 2017 to 100,000 boepd.
Classification
Financials
Corporate
Board of Directors
Frank Monstrey
Executive Chairman
Frank Monstrey was appointed as a director of Nostrum Oil & Gas (former ZGL) on 16 November 2007 and has served as chairman of the partners participating in Nostrum Oil & Gas since September 2004. Since 1991, Mr Monstrey has been Chief Executive Officer of Probel, a private equity and asset management firm based in Belgium specialising in long term capital management in emerging markets. Mr Monstrey holds a graduate degree in Business Economics from the University of Louvain (KUL).
Kai-Uwe Kessel
CEO
Kai-Uwe Kessel was appointed as a director of Nostrum Oil & Gas (former ZGL) on 16 November 2007 and has served as chief executive of Nostrum Oil & Gas since November 2004. Since 2005, Mr Kessel has been Managing Director of Probel. From 2002 to 2005, Mr Kessel was director of Gaz de France’s North African E&P division. From 1992 to 2001, Mr Kessel was Managing Director of Erdgas Erdol GmbH, an oil and gas company owned by Gaz de France, and a member and chairman of the board of KazGermunai. Mr Kessel is a graduate of the Gubkin Russian State University of Oil and Gas.
Eike Von der Linden
SENIOR INDEPENDENT NON EXECUTIVE DIRECTOR
Eike von der Linden was appointed as a director of Nostrum Oil & Gas (fomer ZGL) on 16 November 2007. He has been the Managing Director of Linden Advisory and Consulting Services since 1988. Since 1985, Mr von der Linden has acted as an independent advisor to financial institutions for equity investments, mezzanine and debt funding (project finance) in the field of natural resources. Mr von der Linden holds a PhD in mining economics from the Technical University of Clausthal.
Jan-Ru Muller
GROUP CFO
Mr Muller was appointed as Chief Financial Officer of Nostrum on 16 November 2007 and as a Director on 19 May 2014. Mr Muller has served in various capacities at Probel since 2000. He oversaw Nostrum\'s adoption of IFRS and the implementation of SAP. Mr Muller has been the managing director of Axio systems, an information technology company he founded in 1990. From 1988 to 1990 he worked with Andersen Consulting. He holds a BEng degree from Utrecht Municipal Institute of Technology and an MGA degree from the University of Louvain (KUL).
Piet Everaert
NON EXECUTIVE DIRECTOR
Piet Everaert was appointed as a director of Nostrum Oil & Gas (former ZGL) on 16 November 2007. He has been a lawyer at the Brussels Bar since 1986 and has served as a partner of the VWEW Advocaten law firm since 1993. He is active in the field of Belgian business law. Mr Everaert graduated from the University of Louvain (KUL) in 1984 and obtained a degree in Advanced European Legal Studies at the College of Europe (Bruges-Belgium) in 1985.
Atul Gupta
Independent Non-Executive Director
Atul Gupta was appointed as a director of Nostrum Oil & Gas (former ZGL) on 30 November 2009. Mr. Gupta has worked for 25 years in the international upstream oil and gas business with Charterhouse Petroleum, Petrofina, Monument and Burren Energy. Mr. Gupta joined Burren in 1999 as Chief Operating Officer and served as its Chief Executive Officer from 2006 until the company was sold to ENI in 2008. Mr. Gupta has a degree in chemical engineering from Cambridge University and has studied petroleum engineering at the Heriot Watt University, Edinburgh.
Pankaj Jain
Non-Executive Director
Pankaj Jain was appointed as a director of Nostrum Oil & Gas (former ZGL) on 26 November 2012. He has been serving as Chief Executive Officer of KazStroyService (KSS) Group since 2009 and has over 20 years of experience in EPC (Engineering, Procurement and Construction) projects in India, Kazakhstan, the Middle East and the Far East regions. Mr. Jain holds a B.E. Hons in Civil Engineering (Major: oil and gas infrastructure) from the Regional Engineering College, Trichy, India.
Sir Christopher Codrington, Bt.
Independent Non-Executive Director
Sir Christopher was appointed as a Director on 19 May 2014. Sir Christopher has 28 years of executive board and senior management experience in the oil and gas, hospitality and other industries and has spent eight years living in Houston, Texas developing prospects in various oil and gas fields for COG, Inc, Texas General Resources, Inc, TexBrit Corporation, Inc and Whitehall Energy Limited. Sir Christopher has a diploma in advanced farm management from the Royal Agricultural College.
Mark Martin
Independent Non-Executive Director
Mr. Martin was appointed as a Director on 19 May 2014. Mr. Martin has over 20 years of investment banking experience with Barclays, Baring Securities and ING, where he was the global head of equity capital markets from 2003 to 2011. Between 2011 and 2014, he served as the CEO of Exillon Energy PLC. Mr. Martin graduated from Cambridge University with a degree in social and political sciences.