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Kistos PLC - London-based energy industry investor with licenses in the Netherlands - Net production in the five months to the end of May stands at 12,000 barrels of oil equivalent per day. Cash balance at May 31 was EUR128.6 million with net cash at EUR6.3 million. Development studies are ongoing for the Q11-B gas discovery and the Orion oil discovery, company says. The Q10-Gamma prospect and the Q10-A gas field are also being evaluated. Chair Andrew Austin says the year has got off to a strong start, with a "solid" operational performance that has benefitted from high gas prices.
Current stock price: 415.00 pence, up 2.2% in London
12-month change: up more than double from 183p
By Heather Rydings; heatherrydings@alliancenews.com
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