Kistos Plc Share Chat (KIST)

I wasn't in RRE, thought I did notice it fly and that's one reason why I got into Kistos

A move down can be a contrary indicator when it comes to KIST as it was with RRE.

yes, they are traders ... not investors ...
-- BB --

People are getting bored with this and are selling up.

Hello - does anyone know when the next trading and financial update is due, i recall Tulip used to have a half year update around June-July?

I’d say Kistos could have the most environmentally friendly production in the North Sea. Our Q10A field is unmanned, run on solar and wind. No helipad (visits by boat have less emissions), controlled remotely. Way ahead of the game. Vast amounts of exploration potential too .

“ESG becoming increasingly important in investing. Comparison of European E&Ps carbon intensity per boe produced. #KIST #WEN #SDX #LUNE ranks exceptionally well.”

https://twitter.com/oilgastracker/status/1404781192797470721?s=21

https://www.energyvoice.com/oilandgas/north-sea/329467/former-rockrose-cfo-rejoins-andrew-austin-at-kistos/

You can add IOG to that list as they are trading at 50% discount to NAV and well on track to deliver first gas to Bacton by Q3 this year.

Gas prices have been very strong since November last year and the forward curve for the next 12 months is stronger. However, we havent seen this impact share prices for mostly "gas" companies like SQZ, PMG and even RDSB

€28 vs €21

The gas price is in a strong uptrend and currently sitting at $28 vs $21 at the time of the CEO interview in April.

Very favourable for Kistos.

https://uk.tradingview.com/symbols/NYMEX-TTF1!/

https://www.malcysblog.com/2021/04/core-finance-ceo-interview-andrew-austin-kistos-energy/

Fingers crossed it will be very good so the SP can start to move up, been stagnant for too long. Good luck all

Nice movement in the share price. I believe Tulip oil used to have an update around end of June/ early July, so i am expecting a financial update in the next few weeks.
Gas prices significantly up in the last 9 months as well as oil.

Tulip recorded aggregated EBITDA of EUR 30.60 million in the year to 31 December 2020 (2019: EUR 36.27 million). So expecting a lot more than that ?

Looking forward to it....

"At 177.5p I suspect that the upside for this stock is substantial and I expect the shares to go significantly higher as the story unfolds."

https://www.malcysblog.com/2021/05/oil-price-dec-challenger-kistos-and-finally/

There is a clear strategy to develop / maximise the Tulip fields over next 12 months. Indeed I reckon company was set up specifically with those assets in mind ? Andrew Austin is bit of a city del-boy. Cynics might suggest the "low carbon" credentials of kistos are green wash : however it is timely and has made raising finance easier than for black oil. My guess is there will be future acquisitions maintaining zero scope emissions theme. All going to plan company will eventually be sold off highest bidder when you least expect it in 3-5 years time.

Dont know Mike. But he is a money man, and like RR my bet is he will run it for cash (divi) and exit whenever there is a buyer. Hopefully not a lifestyle business.

The strategy is simple. Make money!!

Kist may not be a 36x bagger like RRE But it will def be a 5 x bagger.

If you are not prepared to hold for 2+ years. Then leave. It’s very simple.

OM

Generally interested in anyone's feedback on the strategy here.

I was not invested in Rockrose or know much about Andrew Austin. I just read that he took Rockrose to 42-bag (£6m-£250m whilst he also had 27% - nice work!).

My question is really about his strategy at Kistos. If Mr. Austin took Rockrose to £250m and sold out as a low mid-tier what's the plan here? Kistos is already £140m... is the plan to pay divis as a mid-tier gas and oil? or become a new major as the likes of BP and Shell diversify? etc.

Just curious. Thanks.

The Q10-A field was successfully brought on-stream ahead of schedule in early 2019, and has since produced 7.32 mmboe to year-end 2020 at a very low unit average operational expenditure (OPEX) costs of EUR 4.54/boe in the year to 31 December 2020 (2019: EUR 4.90/boe). As a result, Tulip recorded aggregated EBITDA of EUR 30.60 million in the year to 31 December 2020 (2019: EUR 36.27 million) against a realised gas price of EUR 11.58/MWh (2019: EUR 12.55/MWh). The realised prices and forward curve imply an average 2021 gas price of EUR 17.91/MWh.

gents
the RNS (https://www.londonstockexchange.com/news-article/KIST/completion-of-acquisition-and-trading-update/14986152 , 3rd para 2nd sentence) says "Group cash at bank on closing is £46.8 million implying net debt of £82.2 million. "

that's roughly just over £9MM a month on a simple averaging (assuming a full May months with economic date from Jan 1). roughly £100MM per year is what i expect. obviously months by months its different (not flat numbers) due to different gas prices.

Net debt will take into account bonds. e.g
150mm Euro bonds =£129MM.
bonds - net cash = net debt.
£129MM (bond) - £46.8MM (cash in bank) =£82.2MM net debt on the books

Please DYOR and dont listen to me.

I've had a quick look at the rns's but can't see any figures of how much money they are making? And idea how much they make a month?

£46.8m Cash in bank.
Gas Price nice and steady.
£100m cash in back by the end of 2021......

What's not to like?

Up 80% in 6 months
I am delighted so far

Those hoping for a deal like RRE must've poised off

More Igas than rre??