Kistos Holdings (KIST)

Sector:

Investment Firms

107.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 205.00p
  • 52 Week Low: 102.00p
  • Currency: UK Pounds
  • Shares Issued: 82.86m
  • Volume: 77,375
  • Market Cap: £88.66m

Kistos expects first oil at Balder site by end of 2024

By Benjamin Chiou

Date: Tuesday 13 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Oil and gas group Kistos Holdings has said that its Joutun floating production storage and offloading (FPSO) on its Balder field in Norway is nearly complete and should be producing oil by the end of the year.
The AIM-listed company said it was "encouraged by recent activity" its joint venture partner Var Energi has made converting more of the established 2C resources into sanctioned reserves through the ongoing drilling programme.

First oil is now expected to be "the end of Q4 2024", Kistos said on Tuesday.

"In the event that first production is not achieved until 2025, due to the structure agreed upon through the acquisition of Mime Petroleum A.S. in 2023, the economics of the acquisition mitigate any effects of a delay by reducing the contingent consideration payable by Kistos to the Mime Petroleum bondholders," the company said.

Kistos shares have fallen 15% since the start of 2024, having fallen 62% over the past 12 months.

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Kistos Holdings Market Data

Currency UK Pounds
Share Price 107.00p
Change Today -2.00p
% Change -1.83 %
52 Week High 205.00p
52 Week Low 102.00p
Volume 77,375
Shares Issued 82.86m
Market Cap £88.66m

Kistos Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.46% above the market average15.46% above the market average15.46% above the market average15.46% above the market average15.46% above the market average
37.59% below the sector average37.59% below the sector average37.59% below the sector average37.59% below the sector average37.59% below the sector average
Price Trend
84.42% below the market average84.42% below the market average84.42% below the market average84.42% below the market average84.42% below the market average
98.12% below the sector average98.12% below the sector average98.12% below the sector average98.12% below the sector average98.12% below the sector average
Income Not Available
Growth
4.54% below the market average4.54% below the market average4.54% below the market average4.54% below the market average4.54% below the market average
11.66% below the sector average11.66% below the sector average11.66% below the sector average11.66% below the sector average11.66% below the sector average

Kistos Holdings Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
17:08 10,000 @ 107.00p
15:41 690 @ 106.00p
15:40 910 @ 106.00p
14:54 2,700 @ 106.64p
14:16 13,314 @ 106.80p

Kistos Holdings Key Personnel

CEO Peter Mann
CFO Richard Slape

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