Company
LON:KIST
Kistos is a closed-ended investment company that has been established with the objective of creating value for its investors through the acquisition and management of companies or businesses in the energy sector.
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“MOU-1 was safely and successfully drilled within the Company’s pre-drill budget estimates and completed for proposed rigless testing after presentation of results to our partner. Our immediate priority is to incorporate the positive result
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Market Update: Tuesday 20 July 2021 Kistos Energy (AIM:KIST): Drilling campaign commences PetroTal (AIM:PTAL): Strong Q2 2021 update, development operations to ramp up in H2 2021
"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," said interuim CEO Andrew Austin
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Oil markets, particularly WTI liked the Opec+ summation after yesterdays meeting, viz that whilst they were ‘concerned’ about rising virus levels there was no need to change current production levels. The rise of another dollar today in WTI
The field is described as “probably the lowest carbon footprint of any production assets in the North Sea”
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Dish of the day Kistos (AIM:KIST) is a newly-incorporated closed-ended investment company, established with the objective of creating value for its investors through acquisition and management of companies or businesses in the energy sector
Chairman Andrew Austin has ploughed £10.5mln into the new company after selling his previous business earlier this year
