LONDON: Kistos Plc (LSE: KIST) has announced the successful acquisition of EDF Energy (Gas Storage) Limited, a subsidiary of EDF Energy (Thermal Generation) Limited. The deal, valued at £25 million, was finalized following the initial announcement on February 20, 2024, and marks Kistos’s foray into the gas storage sector. The acquisition includes two key onshore…
LONDON, UK: Kistos Plc (LSE: KIST) has entered into a conditional agreement with TotalEnergies S.E. to acquire a 20% interest in the Greater Laggan Area (GLA) producing gas fields and associated infrastructure alongside various interests in certain other exploration licences, including a 25% interest in the Benriach prospect. Kistos plc was established to acquire and…
LONDON, UK: Kistos Plc, the low carbon intensity gas producer pursuing a strategy to acquire assets with a role in energy transition, announced that Borr Drilling’s Prospector-1 jack-up drilling rig has arrived on location at the Q10-A field (Kistos 60%) and that the Company’s 2021 drilling campaign is underway. The work programme is scheduled to…
LONDON: Kistos Plc (LON: KIST) announced the completion of the acquisition of the entire issued and outstanding share capital of Tulip Oil Netherlands B.V. Kistos has committed to ensuring its Scope One Emissions are net zero from completion. The producing asset Q10-A has a uniquely low carbon footprint given the platform is powered by wind…
LONDON: Kistos Plc, the closed-ended investment company, has entered into a binding share purchase agreement to acquire the entire issued and outstanding share capital of Tulip Oil Netherlands B.V. (TON) from Tulip Oil Holding B.V (TOH). Proposed transaction: · Kistos proposes the acquisition of TON, which, via its wholly-owned subsidiary, Tulip Oil Netherlands Offshore B.V….