Kistos Holdings Share News (KIST)

LONDON BROKER RATINGS: BofA ups Diageo; Berenberg likes GlobalData

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

LONDON BROKER RATINGS: BofA likes Unilever; Jefferies raises Admiral

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Kistos secures new UK offshore blocks; protected from Balder X delays

(Alliance News) - Kistos Holdings PLC on Wednesday announced it has been offered new offshore blocks and said it does not expect delays at the Balder X to have a significant financial impact.

UK shareholder meetings calendar - next 7 days

EARNINGS AND TRADING: ProBiotix widens loss; Altona conducts fundraise

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

LONDON BROKER RATINGS: BoA ups L&G; Deutsche Bank cuts Iomart

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

LONDON BROKER RATINGS: Deutsche likes Trainline and Baltic Classifieds

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

LONDON BRIEFING: Keywords would back GBP2.0 billion bid as EQT circles

(Alliance News) - London's FTSE 100 is called to open higher at the start of the week, while the pound climbed and gold hit another record high, with investors hopeful the Federal Reserve could soon cut US interest rates.

Kistos posts decline in earnings but highlights Mime potential

(Alliance News) - Kistos Holdings PLC on Wednesday blamed operational shifts and lower gas prices for a decrease in production and earnings.

Kistos acquisition to become "key pillar" of green energy transition

(Alliance News) - Kistos Holdings PLC on Tuesday said it had completed its acquisition of the gas storage arm of EDF Energy Ltd.

LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Kistos to buy EDF UK gas storage assets for £25m

(Sharecast News) - Kistos has finalised a sale and purchase agreement to acquire EDF Energy Gas Storage, it announced on Tuesday, including two gas storage facilities onshore in the UK, namely Hill Top Farm and Hole House Farm.

IN BRIEF: Kistos enters gas storage market with EDF Energy acquisition

Kistos Holdings PLC - Energy Company focused on gas assets in the North Sea and Netherlands - Enters into a sale and purchase agreement to acquire the gas storage arm of EDF Energy Ltd for a total consideration of GBP25 million. EDF Energy owns the Hill Top Farm and Hole House Farm gas storage facilities in Cheshire, England. Kistos will assume operatorship of both sites and is planning to put in place an agreement to work alongside a partner to trade the gas. The Hill Top site has a gas capacity of 17.8 million therms, 3.1% of the UK's total onshore gas storage capacity, with an ongoing programme to increase this to 21.2 million in the short term. The Hole House facility is currently non-operational. Both sites have the capacity to be repurposed to store compressed air or hydrogen, Kistos says, which would "place these assets firmly into the transitional energy space beyond the current key role they play in the UK's supply of gas".

IN BRIEF: Kistos says upgrade of Jouton vessel is 90% complete

Kistos Holdings PLC - energy company with assets in UK North Sea and onshore Netherlands - Notes announcement by Var Energi ASA, the operator of Balder Field in Norway, confirming that the upgrade of the Joutun floating production storage and offloading vessel is 90% complete and that first oil is now anticipated to be the end of the fourth quarter of 2024. Says: "Kistos is encouraged by recent activity, in particular the progress the operator has made in working to convert more of the established 2C resources into sanctioned reserves through the ongoing drilling programme. The company will continue to update the market in line with the operator." In the event that first production is not achieved until 2025, due to the structure agreed upon through the acquisition of Mime Petroleum AS in 2023, says the economics of the acquisition "mitigate any effects of a delay" by reducing the contingent consideration payable by Kistos to the Mime Petroleum bondholders.

Kistos expects first oil at Balder site by end of 2024

(Sharecast News) - Oil and gas group Kistos Holdings has said that its Joutun floating production storage and offloading (FPSO) on its Balder field in Norway is nearly complete and should be producing oil by the end of the year.