Kistos Holdings Plc

Equities

KIST

GB00BP7NQJ77

Oil & Gas Exploration and Production

End-of-day quote London S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
178 ^GBX	+2.89%		+7.88%	+7.88%

Apr. 23	Kistos acquisition to become "key pillar" of green energy transition	AN
Apr. 23	Kistos Completes GBP25 Million Takeover of EDF Energy's Gas Storage Unit	MT

Kistos says upgrade of Jouton vessel is 90% complete

February 13, 2024 at 07:08 am EST

Kistos Holdings PLC - energy company with assets in UK North Sea and onshore Netherlands - Notes announcement by Var Energi ASA, the operator of Balder Field in Norway, confirming that the upgrade of the Joutun floating production storage and offloading vessel is 90% complete and that first oil is now anticipated to be the end of the fourth quarter of 2024. Says: "Kistos is encouraged by recent activity, in particular the progress the operator has made in working to convert more of the established 2C resources into sanctioned reserves through the ongoing drilling programme. The company will continue to update the market in line with the operator." In the event that first production is not achieved until 2025, due to the structure agreed upon through the acquisition of Mime Petroleum AS in 2023, says the economics of the acquisition "mitigate any effects of a delay" by reducing the contingent consideration payable by Kistos to the Mime Petroleum bondholders.

Current stock price: 142.70 pence, up 0.5%

12-month change: down 62%

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
KISTOS HOLDINGS PLC	178 GBX	+2.89%	+7.88%	184M
BRENT CRUDE OIL SPOT	88.07 USD	+0.10%	+1.75%	-
WTI	83.53 USD	0.00%	+1.68%	-
BALDER	67.1 SEK	+3.10%	+0.48%	7.17B
VAR ENERGI	37.28 NOK	+0.87%	+0.54%	8.43B

Latest news about Kistos Holdings Plc

Kistos acquisition to become "key pillar" of green energy transition	Apr. 23	AN
Kistos Completes GBP25 Million Takeover of EDF Energy's Gas Storage Unit	Apr. 23	MT
Kistos Holdings Plc completed the acquisition of EDF Energy (Gas Storage) Limited from EDF Energy (Thermal Generation) Limited.	Apr. 22	CI
Jefferies says buy BP; UBS says buy Compass	Mar. 04	AN
Kistos enters gas storage market with EDF Energy acquisition	Feb. 20	AN
Kistos to Acquire EDF Energy's Gas Storage Unit for GBP25 Million	Feb. 20	MT
Kistos Holdings Plc entered into a Sale and Purchase Agreement to acquire EDF Energy (Gas Storage) Limited from EDF Energy (Thermal Generation) Limited for £25 million.	Feb. 19	CI
Kistos says upgrade of Jouton vessel is 90% complete	Feb. 13	AN
Kistos Says Upgrade of Joutun Vessel in Norway Nearly Complete; First Oil Expected in Q4	Feb. 13	MT
Robust UK job and wages data spooks investors	Feb. 13
Kistos Holdings plc Provides Balder Field Operational Update	Feb. 13	CI
Patent boosts for DG Innovate and Arecor Therapeutics	Jan. 18	AN
Exane BNP cuts BAE; Liberum lifts Naked Wines	Jan. 18	AN
Kistos Holdings plc Announces Development Approval for Victory Gas Field	Jan. 18	CI
Kistos restarts production at Shetland plant after repairs	Dec. 18	AN
Kistos Holdings plc Restarts Production At Shetland Gas Plant	Dec. 18	CI
Symphony International net asset value falls	Dec. 12	AN
Kistos expects Shetland to reopen; maintains production guidance	Dec. 12	AN
Kistos Expects TotalEnergies-operated Scottish Gas Plant to Restart in Two Weeks After Heating System Failure	Dec. 12	MT
TotalEnergies Halts Production at Scottish Gas Plant	Dec. 06	MT
Kistos, TotalEnergies notes shut down of Shetland gas plant	Dec. 06	AN
EARNINGS: Cizzle Biotechnology loss widens as admin costs mount	23-09-28	AN
Barclays cuts United Utilities and Severn Trent	23-09-28	AN
Kistos Holdings Plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-28	CI
Kistos Holdings Plc Maintains Production Guidance for the Full Year of 2023	23-09-28	CI

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Company Profile

Kistos Holdings Plc is a United Kingdom-based independent energy company. The Company acquires and manages companies in the energy sector engaging in the energy transition trend. It is focused on low-carbon development, and production opportunities across natural gas basins and the energy generation project sector. Its assets include interests in Dutch and United Kingdom North Sea, and onshore Netherlands. It operates exploration and production licenses in the Netherlands, with a primary focus on the producing asset, Q10-A, located in production licenses Q07/Q10a. The Q10-A structure lies 20 kilometers (km) offshore of the Netherlands. Its Q11-B discovery is located in the license block Q11, c. 13 kilometers offshore. It holds a 20% interest in the Greater Laggan Area (GLA) which includes four producing gas fields. It holds 10% interest in the Balder joint venture spanning the Balder and Ringhorne oil fields. It also operates two gas storage facilities onshore in the United Kingdom.

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Oil & Gas Exploration and Production

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BUY

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2.077 EUR

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5.324 EUR

Spread / Average Target

+156.34%

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