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 Shares Traded Last Trade
  -22.00 -5.84% 355.00 140,257 14:13:05
Bid Price Offer Price High Price Low Price Open Price
352.00 358.00 375.00 354.00 375.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 294
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:51 O 5,000 370.00 GBX

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Date Time Title Posts
27/11/202118:49Round 2 for Mr Austin171
26/11/202119:39Kistos PLC - Energy in Transition553

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Kistos Daily Update: Kistos Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker KIST. The last closing price for Kistos was 377p.
Kistos Plc has a 4 week average price of 335p and a 12 week average price of 257.50p.
The 1 year high share price is 408.50p while the 1 year low share price is currently 106.50p.
There are currently 82,863,743 shares in issue and the average daily traded volume is 436,699 shares. The market capitalisation of Kistos Plc is £294,166,287.65.
vino: I would be very interested to learn what sort of company they are going to find that with the massive increase of oil and gas price for those companies that were possibly in difficulties will now be looking for a larger sell price and so become too expensive to buy So either they Kistos will have to wait for the prices to stabilise or find another direction? Any thoughts
pro_s2009: https://uk.advfn.com/stock-market/london/kistos-KIST/share-news/Kistos-PLC-Operational-Update/86549517 .
thefartingcommie: No signs of stopping: Gas prices in Europe just hit another record By Katherine Dunn October 5, 20Today 18:09 hTTps://fortune.com/2021/10/05/gas-price-crisis-europe-energy/ The European energy crunch intensified for yet another day on Tuesday, as the continent's benchmark natural gas futures contract hit a record high and the impacts of spiraling energy costs continued to cascade through every aspect of the region's economy, threatening industrial production and stoking worries about critical gas shortages over the winter. On Tuesday, the front-month benchmark Dutch TTF gas contract was above €100 (about $116), surpassing €107 per megawatt hour near midday—a jump of more than 14% on the day and its highest price ever. The nearly vertical rise in recent days shows just how much pressure is on the vital gas market, with storage levels now at their lowest in a decade—particularly concerning given storage is typically high ahead of the winter months. Gas still plays a critical role for heating and industrial manufacturing in Europe and underpins the stability of the region's energy mix, even as renewable power grows. But the energy crunch isn't just limited to gas. Prices are rising nearly across the entire energy slate: Regional benchmark electricity prices are also rising, as are benchmark prices for coal, carbon emissions, and oil. On Tuesday, the Europe-based Brent oil futures contract touched a seven-year high after members of OPEC agreed to only a minor hike to its production cap. While every day seems to bring a new record for futures prices—and new stories of factories and plants that have to limit production, or of failing energy providers—the surge is the result of a perfect storm of both short- and long-term factors. On the demand side, the largest factor is the macro resurgence of demand as economies have boomed after COVID lockdowns ended. But there are also numerous factors on the supply side that have contributed to the constrained supply of gas: from suspected Russian slow-walking of its gas supplies to Europe, to shifting climate policies, to extreme weather, which has disrupted both transport and long-established seasonal patterns in how we buy and consume energy. Never miss a story about Europe FOLLOW FOLLOW THE AUTHOR: Katherine Dunn MORE TOPICS: Bitcoin Careers Artificial Intelligence VIEW MORE With so many factors collectively exacerbating the shortage, repairing single elements hasn't been sufficient to ease worries. Prices have continued to rise despite reports this week that Russia's Nord Stream 2 pipeline, intended to be a key—if controversial—long-term source of Russian gas to western Europe, has started testing at least one of its pipelines. Another example is wind power. While calm skies were a contributing factor to energy shortages in recent weeks, the wind is blowing again. In the U.K. on Tuesday wind power was contributing about 30% of the nation's electricity mix, a proportion slightly higher than gas, according to the N
papillon: I'm very glad, mariopeter, I realised my error and bought back my KIST shares earlier this month. Unfortunately I only became aware of KIST in June so missed the rise in the share price before then.
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…
mariopeter: Yes Papillon you were a tad unlucky as normally you would have been right but they did announce excellent news on the oil testing and often you find gaps left behind in oilers. Biggest rises occur in high RSIs as you likely know. Thing is, we have been told that production will increase by the end of this year (47% above first half achieved) and we know at stratospheric prices just when all gas prices in the world (more so in Europe) are leaping north. Seems the electric cars are kicking in after Covid and the Russians are being difficult about supply (they want authority to build a new pipeline from Europe and are restricting supply to get it). Ruskies have the market cornered and have learned from OPEC it seems. Anyway the gas is likely throwing off vast sums of cash and even at say 36 Euro gas prices (currently over 50 Euro) will likely throw off 140m EBITDA in 2022 NET. Add on the oil and new acquisitions then work out if todays market cap is sensible and think you will find we are still way too cheap cheap in the 230m market cap range today. Should be near £1bill but we have to wait for a until production restarts and the higher production levels are confirmed. That is a share price of £12 per share all going to plan with high probabilities of success attached to each part of the plan. Just have to do the research and really cracking opportunity to win here. I have been through the acquisitions docs and latest news/interviews etc. If you believe Malchy the oil alone is worth $650 m in the ground NET at $15 a barrel. May need a bit more proving up and likely more 2C reserves there anyway. What more would you like to hold this?
mariopeter: Yes Dutch TTF future over Euro 50 tonight. So if the gas field was throwing off Euro 50m EBITDA annualised at 21 Euro per therm then you can imagine there is lots of additional EBITDA coming in at 50 Euro per therm. Analysts had been expecting the Dutch gas price to regularise when European gas stocks were bolstered but no sign of that yet. Not helping Europe but there is some threat from Russia that they may restrict gas supplies to Europe. Will not last forever but a heck of a bounce forward for KIST after the first acquisition. Share price looks about ready to move further North even without any news from the current drill program or a further acquisition. Great place to be here.
papillon: Ignore Friday's closing price of 232. It was the price of a small UT trade after the market officially closed at 4;30pm. The official spread at the close was 233-240p giving an arbitrary mid price of 236.5p, so expect the KIST share price to open up at that price on Monday morning (unless there is an RNS issued at 7am). There was a bullish "FLAG" pattern formed on the chart in July. This predicted a 40p share price rise, equal to the height of the "FLAG" pole (220 - 180 = 40p). Currently a rectangle pattern has been forming on the chart during August. A breakout, up, or down, will give the future direction of the KIST share price I predict a breakout upwards. free stock charts from uk.advfn.com
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://citywire.co.uk/funds-insider/news/baillie-gifford-emerging-markets-star-to-retire/a1289279 And Michael Spencer https://www.heraldscotland.com/business_hq/18598497.north-sea-minnow-wins-backing-london-big-hitter/ 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!
x54v: "A snapshot of Dutch TTF (i.e. underlying commodity) vs #KIST share price since acquisition. Some catching up to be done!" hTTps://twitter.com/lawsjd13/status/1409874454814003209
Kistos share price data is direct from the London Stock Exchange
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