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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
The Kistos telegram group members said this interview is not recent?
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
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)
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.
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.
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.
Thanks Oilman - how does one join the Kistos telegram group please?
Download the App and search for kistos.
Lost time i put the link on here i got banned!!
*************kistos - this should work
Oops. Here: https://tinyurl.com/5x7evxw4
Just type KISTOS as if you're searching for a name. click and join