Kistos Holdings plc said that production has been deferred from the end of 2024 to the second quarter of 2025 at the Balder X development project in the Norwegian North Sea. GROWTH The company acquired a 10% interest in Balder, comprising the Balder and Ringhorne fields, and a 7.4% stake in the Ringhorne East unit […]
Tag: Kistos Holdings plc
Kistos JV offered new acreage in GLA
Kistos Holdings plc has been offered seven new blocks or part blocks in the Greater Laggan Area, West of Shetlands in a joint venture with TotalEnergies. EXPLORATION On completion of the licensing round, Kistos will hold a 33.3% working interest in the acreage, with TotalEnergies as operator. The blocks and part blocks comprise 206/2a; 217/27; […]
Kistos issues 1.7m incentive share options
Kistos Holdings plc has issued in total 1,776,923 share options to certain directors and also adopted its share incentive plan for qualifying employees and subsidiaries. DIRECTORS The issued options over ordinary shares of £0.01 each in the company, under the 2021 equity incentive plan, have an exercise price of £1.30 per ordinary share. The EIP […]
Kistos appoints Stephen Pawson as board NED
Kistos Holdings plc has appointed Stephen Pawson to the board as an independent non-executive director with immediate effect. He replaces Julie Barlow, who today steps down to focus on other professional commitments. “I would like to express a huge debt of gratitude to Julie, who has served Kistos tirelessly since its inception in 2020,” said […]
Kistos expects Balder-Ringhorne first oil year end
Kistos Holdings plc said that first oil was now expected at the end of 2024 from the Balder and Ringhorne oil and gas fields in Norway. ENCOURAGED Kistos acquired a 10% interest in Balder, comprising the Balder and Ringhorne fields, and a 7.4% stake in the Ringhorne East unit via its purchase of Mime Petroleum […]
Kistos wins appeal to extend Netherlands licence
Kistos Holdings plc has won its appeal against Dutch regulators for a five-year extension to the M10/M11 licence in the Netherlands North Sea Shelf. ESTIMATES Third-party technical reports estimate the licence contains technically recoverable 2C resources net to Kistos of 174 bcf or 31.7MMboe. Kistos estimates the group’s 2P reserves of 36.2MMboe and 2C resources […]