Kistos Share Discussion Threads

[mariopeter] 25/5/2021 16:28

Pro any chance you could put the chart of the following in the header?



DUTCH TTF NATURAL GAS CALENDAR MONTH FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
TTF1!NYMEX


25.610
D
EUR
+0.850 (+3.43%)
MARKET OPEN (MAY 25 07:57 UTC-4)

[mariopeter] 25/5/2021 16:26

DUTCH TTF NATURAL GAS CALENDAR MONTH FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
TTF1!NYMEX


25.610
D
EUR
+0.850 (+3.43%)
MARKET OPEN (MAY 25 07:57 UTC-4)

[mariopeter] 24/5/2021 15:10

Think we could do with some investor chronicle coverage.

[thefartingcommie] 22/5/2021 09:37

Kistos Plc

Kistos has announced the completion of the Tulip deal as per the documents of 21st April. From the get go the company has committed to ensuring ‘its Scope One Emissions are at net zero from completion’. The producing asset Q10-A has a ‘uniquely̵7; low carbon footprint partly as the platform is powered by wind and solar energy, averaging 0.013kg CO2e/Boe since first gas against a North Sea average of 22kg CO2e/Boe.

Kistos is more than likely to be the first company to commit to net zero now, not further down the road. I would expect that to a re-rating of both debt and equity and the strength that provides, as well as a cash position would mean that the company could make further acquisitions without recourse to the market.

Trading wise, production for the ytd has been in-line with expectations whilst realised gas prices have been higher than those assumed in the Admission document. Group cash at bank on closing is £46.8m implying net debt of £82.2m.

The Kistos board has already sanctioned, subject to partner approval, the appraisal of the Q11-B discovery as well as a drilling and workover campaign on the Q10-A field, scheduled to start 2H 2021. The primary objectives are to appraise additional horizons in the Q10-A area whilst enhancing potential production rates with the side-track of the Q10-A04 well and workover of the Q10-A06 well.

Andrew Austin, interim CEO, said

“We are very excited for the future of Kistos, with a proven low cost production base from the Q10-A field and two further appraisal wells planned this year, we look forward to extending our reserves base and increasing our presence in the Q Block core area . We welcome the team at Tulip on board. They have shown great professionalism and ability in the way they have led activity in the Q-Block area to date. We look forward to working together as we continue to grow Kistos into a company which can play a role in the broader energy transition”.

Kistos does indeed look very promising, with todays trading news better than at least I was expecting, as usual AA is not letting the grass grow under his feet. At 177.5p I suspect that the upside for this stock is substantial and I expect the shares to go significantly higher as the story unfolds.

[pro_s2009] 22/5/2021 01:46

Hi mp. Yes, going to be an interesting few months ahead to see "what happens next".

[mariopeter] 21/5/2021 22:54

Short term drivers are:

1.Exposure in the media of the successful acquisition.

2.The increasing gas price

Average sales during year to 31/12/2020 Euro 10
Price at 1st January 2021 acquisition date Euro 12
Sales price today Euro 24.61

3.Drilling in the Qtr starting 1/7/2021 and resultant bigger output.

[davidbennett] 21/5/2021 18:15

Anley

Yes all good news and looking forward to these appraisal wells being drilled. I can’t see much holding the share price back, admittedly each level will have sellers but can’t see too many as these levels especially with future expectation.

[thefartingcommie] 21/5/2021 16:34

Kistos Plc

Kistos has announced the completion of the Tulip deal as per the documents of 21st April. From the get go the company has committed to ensuring ‘its Scope One Emissions are at net zero from completion’. The producing asset Q10-A has a ‘uniquely̵7; low carbon footprint partly as the platform is powered by wind and solar energy, averaging 0.013kg CO2e/Boe since first gas against a North Sea average of 22kg CO2e/Boe.


Kistos is more than likely to be the first company to commit to net zero now, not further down the road. I would expect that to a re-rating of both debt and equity and the strength that provides, as well as a cash position would mean that the company could make further acquisitions without recourse to the market.


Trading wise, production for the ytd has been in-line with expectations whilst realised gas prices have been higher than those assumed in the Admission document. Group cash at bank on closing is £46.8m implying net debt of £82.2m.


The Kistos board has already sanctioned, subject to partner approval, the appraisal of the Q11-B discovery as well as a drilling and workover campaign on the Q10-A field, scheduled to start 2H 2021. The primary objectives are to appraise additional horizons in the Q10-A area whilst enhancing potential production rates with the side-track of the Q10-A04 well and workover of the Q10-A06 well.


Andrew Austin, interim CEO, said

“We are very excited for the future of Kistos, with a proven low cost production base from the Q10-A field and two further appraisal wells planned this year, we look forward to extending our reserves base and increasing our presence in the Q Block core area . We welcome the team at Tulip on board. They have shown great professionalism and ability in the way they have led activity in the Q-Block area to date. We look forward to working together as we continue to grow Kistos into a company which can play a role in the broader energy transition”.


Kistos does indeed look very promising, with todays trading news better than at least I was expecting, as usual AA is not letting the grass grow under his feet. At 177.5p I suspect that the upside for this stock is substantial and I expect the shares to go significantly higher as the story unfolds.

[pjackson2] 21/5/2021 14:44

Well AA is not one to sit on his hands where deals are concerned so buy and hold in my opinion and wait for next deal. He usually goes bigger than last

[anley] 21/5/2021 11:25

DAVIDB.....my wording was "BUT a trust......" and this was TRIUM CAP who sold down and NOT FIL. In any case I could still be wrong but you can check it yourself.

The statement this morning from the BoD tells us:

1 The effected date of the acquisition was 1 JAN 2021
2 Production so far has been in line with expectations
3 Cash in hand of £46.8m implying net debt of £82.2m
4 Working on in the second half of 2021 on enhancing production

Not much one can say about this statement but as far as the share price id concerned who knows what the driver will be in the short term. In the next year is another story!!!

[mariopeter] 21/5/2021 11:24

Some indigestion on the share price but roll out more news on the drills.....

[fandagle] 21/5/2021 07:06

Cracking RNS this morning...

[davidbennett] 20/5/2021 18:46

Tomorrow morning I believe

[pjackson2] 20/5/2021 18:33

When is the expected update??

[davidbennett] 20/5/2021 18:25

I don't see FIL selling here, that notification is a standard disclosure as a result of the placing.

If you go to page 98 of the latest admission document (which you can find on the Kistos website), it lays out all the new shareholders with their % holdings as a result of the placing, one of which is FIL with 4,599,988 shares, i.e. 5.55% which is exactly what the notification is.

Here's the full list:

Tulip Oil Holding B.V. 8,742,775 10.55%
Schroder Investment Management Limited 7,741,936 9.34%
Fidelity Worldwide Investment (FIL) 4,599,988 5.55%
Canaccord Genuity Wealth Limited 4,620,970 5.58%
Chelverton Asset Management Limited 3,250,000 3.92%
Trium Capital LLP 3,219,035 3.88%
Res Privae N.V. 3,000,000 3.62%

Hope that helps. I can't imagine any new holders selling at this point, before the starter has fired the gun.

[anley] 20/5/2021 17:41

FIL disclosing its position BUT a trust selling down its shares which it took at 155p.

Such is the market place but I would be furious if I were AA having a new shareholder in punting in my stock for such a short space of time.

[anley] 19/5/2021 11:22

Taken - with thanks - from the LSE BB................

"With an average wacc (the minimum required return that lenders want to receive on their provided capital) of 8%, the expected cash flow after tax, discounted to now, is more than € 665 million. % is. In times of negative interest rates it is apparently also worthwhile to calculate such a virtually zero risk scenario. And then Tulip suddenly has a value of more than € 1.5 billion in the form of future income.

Compared to an investment of more than € 220 million for the acquisition of Tulip, these appear to be excellent returns in both scenarios. Especially now that the long-awaited increase in the investment deduction from 25% to 40% for new investments in gas extraction in the Netherlands comes into effect on 1 July. Kistos seems to be able to benefit optimally from this, given the plans the company has to drill for new oil in the North Sea".

The (Dutch) Financial Times

hxxps://fd.nl/beurs/1382783/lucratieve-olie-en-gasrestjes

What has been said needs some thinking through...................................

[mariopeter] 19/5/2021 06:42

Q11 B is a mirror of Q10 A so that could double current production.
Big part of Q10A could also double current turnover (tiny additional costs).
Then there is the Vieland oil.

All three waiting on FID so all the development work is done. If current EBITDA is 50m then can see low hanging fruit to get that to 160m in next two years. Then there is the oil.

Can see as it progresses it will reach £7.50 per share as this all unravels and then there is the oil on top with other bits around together with other acquisitions in due course to add.

Current shares in issue today is 83m. Some deferred consideration may require another minor dilution but that means the whole thing is running well.

No wonder all the fundraising has been oversubscribed and the Tulip vendors will hold KIST shares.

[mariopeter] 18/5/2021 17:47

Hi Pro we meet again.

This is a goodie as price of gas doing very well and 3 Tulip drills next quarter funded from cashflows:

1. Q11-B gas "significant volumes updip".
2. Two wells into Q10-A (the big producer) one of which penetrates the biggest part in the field.

The latter wells will also test the Vieland oil and perhaps derisk more of the 112 mmbo resources.


Link for gas price and much stronger than 2020:



Very very impressive that the Q10 platform is wholly run by solar and wind energy.

[anley] 18/5/2021 13:23

ADD all this up and the well know broker/bank called Investec has bought in a 5%+ stake.

I think this must have taken much of the loose 155p stock off the market and that is a good think as it creates a tight market.

Sit back and wait..............

[pro_s2009] 18/5/2021 01:09

Update coming soon, will be interesting to see how it reads.

[anley] 17/5/2021 20:06

A high trading session today - 17 May - selling mixed with buying bodes well for AA update on 20 May.

With oil/gas prices looking firm then we should expect an interesting update with even the shares looking at 200p.............we shall see.

[anley] 17/5/2021 10:52

A good volume of stock so far today - two way business so those who bought at 155p may be taking quick profits.

More news later...............

[tommygunn21] 13/5/2021 23:46

I'm told this was a print to do with the placing and should not have printed FYI.

[anley] 13/5/2021 11:45

This morning someone sold down a block of shares to 155p the issue price.........who knows what the speculative position is in these shares.

Hope this helps in current markets.