focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This is missing some oil production, no? I forget either GLA or Netherlands had a couple hundred barrels per day of oil production.
June total production (net to Kistos) came in at around 7779 barrels per day , down from just over 9000 barrels a day in May.
Production in the Netherlands was down around 60% (maintenance shutdown?) whilst at GLA it was up ~10% and up ~15% in Norway.
Norway (Oil) 10% net to Kistos = 2260 bbl/day.
GLA (Gas) 20% net to Kistos = 4404 boepd
Netherlands (Gas) 60% net to Kistos = 1115 boepd
aimo dyor etc etc
What did you expect though? I thought it was a great summary, but Kistos has a lot of risk factors that we don’t know enough about like future weather.
That was terrible, certainly put me of joining any clubs like that. AllI heard was: I think, I don't know, I am not expert at this, if winter bad is good for kistos, I don't know about politics...? Very strange
Rgds Sft
Https://www.youtube.com/watch?v=JYRLx97cw80&t=2360s
The recorded version is here.
Did anyone attend yesterday evenings London Value investing club meeting in which they discussed Kistos? I tried to join the link online however it didn’t work. Would be great to hear any thoughts/sound bites from anyone that attended!
250p breached
Dont forget any price above €47 incurs windfall taxes for dutch assets
Just type KISTOS as if you're searching for a name. click and join
Looks strong. Plenty buyers. Natural gas prices rising sharply
On Thursday London Value Investing Club will discuss Kistos and European Banks.
I don't have a position in the company, but I am thinking of it, and I like the idea of having exposure in European gas prices
Oops. Here: https://tinyurl.com/5x7evxw4
*************kistos - this should work
Download the App and search for kistos.
Lost time i put the link on here i got banned!!
Thanks Oilman - how does one join the Kistos telegram group please?
The telegram group chat is highly informative with lots of very good info shared by many. I find the telegram group chat much more informative then any other online forum like lse or ADVFN.
That’s fair. I’d just say a shareholder group text is very different. Almost everyone in there is only involved because they want the stock to go up. And a small fraction of the members account for the majority of the activity. It’s not a random rumor mill lol. There are also people in the telegram group who work in the industry and are boots on the ground for LNG industry in Europe and Middle East for example, which is highly relevant to Kistos re: nat gas prices. I can’t find that kind of perspective or info anywhere else online as it pertains to Kistos shareholders.
Telegram is anonymous too... you only need a phone number to set up an account I believe?
With telegram you can post anything you like, truth or fiction, and then delete it later. A rampers paradise...
With this forum you can't delete your posts which at least leads to some accountability.
But as I said, if it works for you good luck with it.
As opposed to an anonymous online forum like this one? The telegram group is full of Kistos shareholders, and News usually gets posted there first ( for examples, updates related to the potential LNG facility strikes in Australia)
Idkmybffjill,
From the content discussed I would guess it was recorded in early June of this year. Each to their own and all that but I would not be using an encrypted messaging app to gain investment insights...
dyor
The Kistos telegram group members said this interview is not recent?
Thanks for sharing Maverick7,
My takeaways.
AA very confident we will not be paying any EU solidarity contribution tax for 2022 in the Netherlands, he's confident that the threshold for Kistos to be liable for the Solidarity Contribution has not been met. 47m euros provisioned in the results.
Edradour West FID this year, if we proceed we'll be producing next year, reserves 3-4 mmboe net to Kistos.
Glendronach FID to follow, a positive for the project is Shell buying into the Victory discovery which will feed back to the Shetland gas plant too.
Buying a ready made business in Mime saved around £20m of the costs of entering Norway. When first approached in September to buy Mime by Jeffries they were told they'd have to give Bluewater their £135m equity back... we walked away and eventually paid nothing when re-approached at Christmas. He feels we bought Mime at just the right time, the darkest hour is right before the dawn is his feeling.
He was keen to point out the tax credit differences between the UK and Norway. In Norway you receive back 78% of what you spend on exploration and development regardless of whether you are a tax payer or not. In the UK you can only receive a credit if you are already a tax payer.
The Conservatives have killed the UK North Sea and Labour have nailed down the lid on the coffin. He's still keen to invest in GLA because we own the infrastructure, but no big deals in the UK.
Looking at deals inside and outside europe.
Highly likely the dutch bonds will be redeemed.
If they can't find a deal its not because they are rubbish, its just that those deals are not there. In that case we'll get our money back.
UK business worth more at the EPL floor price for gas than it is today.
He's very confident that Kistos will be worth more money in five years time than it is today.
aimo
From the FT:
European natural gas prices surged almost 40 per cent on Wednesday as the potential for disrupted global liquefied natural gas supply from Australia spooked traders betting on further price declines.
Prices on the Title Transfer Facility, the European benchmark, rose to more than €43 per megawatt hour, up from almost €30 on Tuesday, reaching its highest point since mid-June.
The increase was triggered by reports that workers at important LNG plants in Australia were planning strike action in a fight for higher pay and better job security, with market movements exacerbated by some traders closing out bets that gas prices would fall.
The move highlights that despite gas storage levels rising close to capacity in the EU, the energy crisis that has roiled the continent for almost two years is not yet over, and markets are still nervous about the vulnerability of supplies.
While Australian LNG supplies rarely flow directly to Europe, the EU has become increasingly reliant on global seaborne cargoes of LNG to replace Russian supplies cut since the war in Ukraine.
Analysts said the markets remained wary of any potential supply disruptions, even though prices are substantially lower than the peaks of last summer when the slashing of Russian pipeline supplies propelled gas to record highs above €340/MWh