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Share Name Share Symbol Market Type Share ISIN Share Description
Kistos Plc LSE:KIST London Ordinary Share GB00BLF7NX68 ORD GBP0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 370.00 365.00 375.00 370.00 370.00 370.00 18,186 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 307

Kistos PLC Resumption of production from Q10-A

23/09/2021 7:00am

UK Regulatory (RNS & others)


Kistos (LSE:KIST)
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TIDMKIST

RNS Number : 6877M

Kistos PLC

23 September 2021

23(rd) September 2021

Kistos plc

("Kistos" or the "Company")

Resumption of production from Q10-A

Kistos (LSE: KIST), the low carbon intensity energy producer pursuing a strategy to acquire assets with a role in energy transition is pleased to announce that, following a planned four-week maintenance shutdown previously announced by the Company on 1 September 2021, the TAQA operated P15-D platform has resumed normal operations. In turn, this has allowed the resumption of gas export from the Q10-A gas field, which is operated by Kistos with a 60% working interest.

Commenting, Andrew Austin, Kistos' Interim CEO, said:

"I am pleased that TAQA has completed maintenance operations at P15-D on schedule and that we have been able to restart production from Q10-A on time. This and our on-going drilling programme, which includes work designed to enhance output from the Q10-A area, will allow us to realise enhanced returns from the prevailing gas prices during the remainder of 2021 and into 2022."

ENDS

Enquiries:

 
 Kistos plc 
  Andrew Austin                      c/o Camarco Tel: 020 3757 4983 
 Panmure Gordon 
  Nick Lovering / Atholl Tweedie     Tel: 020 7886 2500 
  / James Sinclair-Ford 
 Camarco 
  Billy Clegg / James Crothers       Tel: 020 3757 4983 
 

Notes to editors

Kistos plc was established to acquire and manage companies in the energy sector engaging in the energy transition trend. The Company has acquired Tulip Oil Netherlands B.V., which has a portfolio of assets, including profitable, highly cash generative natural gas production, plus appraisal and exploration opportunities. The Company has 19.5 mmboe of 2P reserves and an additional 102.1 mmboe of contingent resources.

Kistos is a low carbon producer. The Q10-A gas field in the Dutch North Sea (60% operated working interest) has recorded a Scope 1 carbon emissions intensity of 13g CO(2) e/boe since inception. This compares to an industry average of 22kg CO(2) /boe for gas extracted from the UK continental shelf. The Q10-A normally unmanned installation is located approximately 20 km from the Dutch shore. It is powered sustainably via wind and solar power and is remotely operated, limiting offshore visits, which are conducted by boat.

https://kistosplc.com/

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September 23, 2021 02:00 ET (06:00 GMT)

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