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Https://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-67631013
That's more like it!
Production in the Netherlands more than quadrupled and in Norway it more than trebled to give us a net figure of 8.5k barrels per day, up from 5.3k in August.
At GLA, Tormore and Edradour were not producing but production at Glenlivet and Laggan was pretty much the same as August.
GLA (Production figures to 15/9/2023)
Glenlivet 9624 boepd gas, 287 b/d oil. Laggan 7710 boepd gas, 367 b/d oil
Total gas 17,334 boepd. 20% Net to us = 3467 boepd
Total oil 654 b/d. 20% Net to us = 131 b/d
Norway (Balder)
Total oil produced 844,481 barrels = 27,241 b/d. 10% Net to us = 2724 b/d.
Netherlands (Q10-A)
Total gas produced 115,682 boe = 3731 boepd. 60% Net to us = 2239 boepd.
Total Net Gas = 5706 boepd
Total Net Oil = 2855 b/d.
aimo.
Tweet him. He has answered me in the past
Easy way into Malcy is to offer him a full English breakfast with some beer
Does anyone have a way into Malcy? It would be great to get him to schedule another interview with Andrew to understand what is going on at Kistos and his view on the market more broadly!
Operational
In the third quarter of 2023, production from the Balder Area has averaged
approximately 2069 b/d net to KENAS. However, partly due to a planned turnaround
period, which was completed on schedule in August, the average rate net to KENAS
in the first nine months of the year was 1839b/d. Output has been positively
impacted by the restart of the gas lift riser to Ringhorne, which was
temporarily shut-in during the first quarter and was permanently replaced in the
third quarter during the planned Balder and Ringhorne turnaround. A new well at
Ringhorne was brought on stream during the quarter. Due to the planned
turnaround, production efficiency for Balder/Ringhorne was 79% in the third
quarter versus 82% in the second quarter.
The upgrade of the Jotun FPSO for the Balder Future development project is
ongoing. Following the re-float of the vessel out of dry-dock in late in June
and the subsequent safe completion of the heavy-lift installation of the turret,
turntable, and gantry in July, the focus of the operator (Vår Energi ASA) is on
executing the remaining construction work and commissioning. The operator has
reported that the Jotun FPSO is more than 85% complete and that its target
start-up date for Balder X is still the third quarter of 2024.
Drilling and subsea activities are progressing according to schedule, with 9 out
of 15 wells completed. The operator did not amend its 2P reserves estimate for
the Balder Area during the period. As of December 31, 2022, KENAS estimated its
2P reserves to be 24 MMboe.
Financial
In the third quarter, 4 cargoes of crude oil were loaded from the Balder FPU.
Net to KENAS, these totaled 205 kbbl, which realised an average provisional
price of USD 82.96 per bbl. At the end of the period, KENAS had cash at bank of
USD 6.3 MM, of which USD 0.4 MM was restricted. YTD, KENAS had drawn USD 48 MM
under the terms of the revolving credit facility from its parent company, Kistos
plc. During the period, Vår Energi announced an increase in its gross capital
expenditure estimate for Balder X. It stated that the additional expenditure is
necessary due to a tighter supplier market, to mitigate schedule risk, and to
improve construction productivity.
They'll be net cash in a months time
Keep an eye on that
Production at Balder is back online at an elevated level on previous quarters at 19,200 boepd with another 1000 boepd coming from Ringhorne Ost. This follows completion of the HAP (high-activity period) maintenance schedule. The HAP lasted from May to September and included key upgrades and maintenance associated with the Balder FPU1 life extension. The production increase in the Balder area was mainly due to the start-up of a new well drilled from the Ringhorne platform which is performing better than expected. The planned turnaround, high-activity period (HAP) and riser replacement on Balder were all successfully completed within plan and budget during the quarter. The production efficiency for Balder/Ringhorne was 79% in the third quarter, down from 83% in the previous quarter due to the two-week planned turnaround in August.
On Balder X they say that "Current focus is on executing the remaining construction work and commissioning. Drilling and subsea activities are progressing according to schedule and the Jotun FPSO is more than 85% complete. The Balder X targeted start-up is maintained in the third quarter 2024..."
All in all a very positive news update for us.
aimo dyor
https://varenergi.no/wp-content/uploads/2023/10/Var-Energi-ASA-Third-quarter-2023.pdf
All the cashflows heavily taxed
Think sellers will continue to weigh on the stock here
Maintenance in August.
Total net production for August came in at 5275 barrels per day, down from 7562 barrels per day in July.
The split is 4157 boepd of gas and 1118 barrels per day of oil.
Netherlands: 4.346.004Nm3 in total for the month or 26,278 boe. That's 848 boepd. 60% net to Kistos = 509 boepd.
Norway: 0.047377Sm3 in total for the month or 297,992 barrels of oil. That's 9613 barrels per day. 10% net to Kistos = 961 barrels per day.
UK: 102.9mmscf/d of gas and 785 barrels per day of oil. 20% net to Kistos = 3648 boepd of gas and 157 barrels per day of oil.
We are running on fumes.... aimo dyor
No Probs Newbie999, glad I could help.
Thankyou NoQuestionMarks - managed to fight my way through to the Kistos production figures . Let's hope AA will explain in due course
Newbie999,
For Norway https://factpages.npd.no/en/field/pageview/all/43562#
For Netherlands https://www.nlog.nl/datacenter/prodfigures/fields
For UK https://opendata-nstauthority.hub.arcgis.com/datasets/NSTAUTHORITY::-nsta-field-production-pprs-wgs84/explore?filters=eyJGSUVMRE5BTUUiOlsiVE9STU9SRSIsIkVEUkFET1VSIiwiR0xFTkxJVkVUIiwiTEFHR0FOIl0sIkdBU1BJUFZPTE0iOlswLDQ1OC42NjAxODUzXSwiUEVSSU9EWVIiOlsiMjAyMiJdfQ%3D%3D&location=57.248861%2C-0.916036%2C6.54&style=FIELDNAME
NoQuestionMarks Can you tell me where you got your information ?
Still waiting on the UK production figures but the numbers for Norway and the Netherlands are down markedly.
Net production from Norway = 961bbls/day.
Net production from the Netherlands = 509boepd.
A 380k share buy, £818k in value. This is great to see - let’s hope for more of these and share price to start moving!
A 150,000 share buy this morning - great to see. It would be great for the company to be out in the market more, for example through another Malcy interview to see what they are working on and drive some interest back into Kistos
Dont think it is more complex than my caml or serica
I had to complete a complex instrument form to buy this share.... why? jeez
Low volumes trading here, that 1200 is mine, entry position, hello everyone, this looks undervalued
They are 'O' trades as buys, no way would you put trades of that size through as an 'O', seller or no seller, it's just not done esp on KIST with liquidity of trades this size . Guess must of been a pro trader with DMA L2 that seen the bid or offer and decided to make these high value trades. All very unusual for KIST, very unusual indeed !!
aimo & dyor
Seller in the background, still to report?
How the 'ell did these 'O' trade BUYS manage to get through WITHOUT pushing the SP sky-wards :
09-Oct-23 08:57:40 200.30 100,000 Buy* 195.00 203.00 200.30k O
09-Oct-23 08:47:41 200.00 90,628 Buy* 195.00 203.00 181.26k O
09-Oct-23 08:42:49 200.00 100,000 Buy* 195.00 203.00 200.00k O
09-Oct-23 08:41:08 200.00 65,000 Buy* 195.00 203.00 130.00k O