Kistos Investors - KIST

Kistos Investors - KIST

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Stock Name Stock Symbol Market Stock Type
Kistos Plc KIST London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-4.00 -1.08% 365.00 16:35:17
Open Price Low Price High Price Close Price Previous Close
368.50 368.50 369.00 365.00 369.00
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Top Investor Posts

papillon: hTTps:// This was predictable last night. FTSE well down as are most things, including cryptocurrencies. Only gold is bucking the trend and is up. Definitely a Black Friday!
1buyit: Larger companies often appoint two brokers, building a relationship with both on a day-to-day basis, and are likely to use both in the event of a large transaction. ... Further, brokers' sales and research teams, who have close relationships with institutional investors, provide a vital source of feedback for the company.
thefartingcommie: Kistos Kistos has provided its interim results for the period to 30 June 2021, ‘the numbers referred to as “actual” in this announcement include the results of Kistos plc from incorporation on 14th October 2020 and the results of Kistos NL1 and Kistos NL2 from acquisition on 20 May 2021. The “pro forma” numbers include the results of Kistos plc from incorporation on 14th October 2020 and the results of Kistos NL1 and Kistos NL2 as if they had been part of the Group from 1st January 2021′. The detail of the RNS is as follows, following the incorporation and listing on AIM of Kistos plc in the final quarter of 2020, the Company completed the acquisition of Tulip Oil Netherlands B.V. and its wholly owned subsidiary Tulip Oil Netherlands Offshore B.V. (subsequently renamed Kistos NL1 B.V. and Kistos NL2 B.V. respectively) for €223MM (comprising €140MM plus an €87MM bond refinancing and other adjustments) in May 2021. The acquisition brought 2P reserves of 19.7 MMboe plus 2C resources of 99.1 MMboe. The Q10-A gas field, which is operated by Kistos NL2 with a 60% working interest, produced at an average rate of 1.42 MM sm3/d (gross), equivalent to 48 MMcf/d or 8.6 kboe/d, in the six months to 30 June 2021. Kistos’ scope 1 emissions of 0.09 kg CO2e/boe in 2020 are industry leading and they expect that position to be maintained following the recent upgrade of wind turbines on the renewably powered Q10-A platform during the period. Kistos remains well-funded after issuing €150MM of Nordic Bonds and raising over £100MM from equity investors since incorporation. Cash balances on 30 June 2021 were €59.1MM. Given this financial strength and in line with its strategy, the Group continues to evaluate several business development opportunities in the energy transition space. Kistos is currently undertaking a work programme to enhance production at the Q10-A field and appraise the Q11-B gas discovery and the Vlieland light oil discovery. Borr Drilling’s Prospector-1 jack-up drilling rig has been on location since mid-July and is expected to remain on contract with Kistos until the end of November. As a result of this campaign, Kistos expects the Q10-A field to exit 2021 with gross production of more than 2.0MM sm3/d (71 MMcf/d or 12.7 kboe/d). The appraisal drilling is designed to start the process of converting approximately 100 MMboe (gross) of 2C resources into 2P reserves. If successful, it could lead to a further significant uplift in Kistos’ production by the mid-2020s. The company reported earlier this month that the initial results of the appraisal of the Vlieland sandstone formation, which was the first stage of the drilling campaign, were ‘highly encouraging. After encountering the target formation on prognosis at a depth of 1,562 metres TVDss, an 825 metres horizontal section was drilled by the Prospector-1. The Q10-A-04 A well was then flow tested for 5 days between 26th and 31 August 2021′. During this time, a maximum stable rate of 3,200 barrels of oil per day (bopd) was achieved. This was higher than anticipated and the oil is of good quality with an API of 33 degrees. The information obtained from the well, along with reservoir and surface samples taken during the flow test, will be analysed as Kistos prepares a field development plan for this project. Kistos has previously estimated 2C resources for this accumulation of over 70 MMbbl (gross). This estimate was independently audited by Sproule and will be refined following review of all the data. Richard Benmore, Interim Chairman commented: “I am delighted to be able to report Kistos’ maiden set of interim results covering the period from incorporation to 30 June 2021, which included approximately six weeks of production from the Q10-A field. I am also pleased to announce the successful integration of the two companies acquired from Tulip Oil Holdings into the wider Group. After the success of the oil test from the Vlieland sandstone formation, we are looking forward to sharing further results of the current drilling campaign with stakeholders. In the meantime, the Company continues to mature further opportunities within its existing portfolio. This work is expected to lead to additional drilling in the medium term. We are also evaluating an active pipeline of business development opportunities. On behalf of our shareholders, we are striving to build a first-class energy transition business. We have taken great strides in a short period of time, and we will continue to pursue rapid, disciplined growth both organically and through acquisitions.” Kistos continues to move fast to, from a standing start remember, a fast growing energy business capable of building by acquisition and of course through exciting prospects within the portfolio. The shares were down modestly first thing which is difficult to understand, possibly as people didnt like the small amount of hedging, which incidentally was done to cover capex, and still only 30%. You only have to look at what the gas price has done in the last 18 months to at least consider some modest hedging to be wise especially under the circumstances. In my last report on Kistos I suggested that a very achievable short term target of 300p+ by taking the mid-case 42m bbls x $15 plus the existing business was the very least the market should give it, that scenario still stands as does the view that the market cap of £238m is still derisory…
therealdeal25: Welshborderer it’s not those 2 we need to look at , it’s Richard Sneller who just retired from being head of Emerging markets BailliE Gifford hxxps:// And Michael Spencer who both maybe know Andrew from his previous company, Between these 2 investors alone they own over 26% of Deltic Energy, I say follow the smart money like people have here with Andrew, it’s Only a guess but I can’t see why Kistos can’t take us out, gain $10 million for issuing a few shares, al get to team up with Shell, can you imagine how the share price will be when they drill for gas in May 2022 ? Just all adds up to me, this price rise today is nit just due to has prices I don’t think, it’s looking mire like another deal is is store for you guys, I am just hoping it’s Deltic they take out!
mariopeter: Think we could do with some investor chronicle coverage.
thatsmart1: Malcy's blog: Kistos Kistos has announced a PrimaryBid offer at a price to be determined as well as a placing and subscription for institutional and other investors. The Company will use the funds raised from the PrimaryBid Offer, the Placing and the Subscription to form part of the consideration to acquire the entire issued and outstanding share capital of Tulip Oil Netherlands B.V. from Tulip Oil Holding B.V, which was announced by the Company on 12 March 2021. TON, via its wholly-owned subsidiary, Tulip Oil Netherlands Offshore B.V., owns an operating interest in the Q10-A offshore gas field and interests in other fields in the Dutch North Sea, including the Q10-B, Q11-B and M10/M11 discoveries, and other exploration and appraisal projects. Upon completion of the Acquisition, which constitutes a reverse takeover for the purposes of Rule 14 of the AIM Rules for Companies, the Company expects to cease to be an investing company under the AIM Rules for Companies and instead become a trading company. I look forward to the return of the quote for Kistos and shortly after that the new shares, indeed the main point about this PrimaryBid offer is that Andrew Austin said right from the start that he would involve the retail investor and this is what is being done here. Oh and btw, from what I have seen there is some confusion, I don’t think that AA is interested in any deal with Sterling Energy….Probably just lawyers photo copiers making mischief.
davidbennett: Here’s the announcement: The price at which the New Ordinary Shares will be placed will be determined at the end of the bookbuild (the "Issue Price") . The Company is also conducting a placing (the "Placing") and subscription (the "Subscription") of New Ordinary Shares at the Issue Price with institutional and other investors as announced on 12 March 2021.
welshborderer: History repeating with further acquisitions indicated. Very interested in the future but curious as to how they manage to assist retail investors using CREST to be able to get into the placing when that arises as my broker seems inconsistent in this regard.
glavey: Hazl, I didn't suggest you not retain your investment - that is your choice entirely. Whilst putting in 10m of ones own money may be an incentive and whilst reputation may go a long way that is about all there is to hang ones hat on at the moment as investors have no clue as to any business in which they are investing. That is why I don't think it makes any sense to invest at an elevated share price just now. Of course, if anyone fancies a punt that the share price will just go up anyway, that's a different matter.
dibbs: Interesting discussion. In my opinion there is no right or wrong with how you chose to value this kind of situation, entirely subjective and only time will prove whose thinking is correct. For sure a increasingly healthy premium is being attributed to what investors hope AA can deliver which is natural given his success with RRE. Fortunately the premium is nothing like we saw in dotcom days when incubators with a few million in the bank were valued at billions.... I've bought KIST shares and intend to hold for the long term. A rising share price suits me but the RSI is well in overbought territory so I'd not be at all surprised to see a bit of consolidation.
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