RNS - press speculation20 Dec 2021 07:09
I'm surprised nobody from the forum picked this up from the press
Statement re: media speculation
Kistos (LSE: KIST), the low carbon intensity energy producer pursuing a strategy to acquire assets with a role in energy transition, notes recent press speculation in relation to Kistos and confirms that it is a participant in a process being run by TotalEnergies S.E. ("Total") to sell interests in certain of Total's West of Shetland gas assets.
Kistos' participation in this process is in keeping with its stated strategy of growth through acquisition and this is one of a number of opportunities that has been actively considered over the past six months.
If Kistos becomes the preferred bidder in the process currently being run by Total, it is expected that any acquisition would be funded using the Company's existing resources.
Shareholders are advised that there can be no certainty that Kistos' participation in this process will lead to a definitive transaction. If appropriate, the Company will provide a further update to shareholders.