Member Info for Maverick7

Due to the significant capital expenditure being incurred on the Balder Future project, tax losses have been generated in Norway. Unlike the UK and Dutch tax regimes, whereby tax losses are carried forward and only offset against any future taxable profits, tax losses in Norway result in cash tax repayments. After receiving NOK 857 million in December 2023, Kistos expects to receive over 900 million NOK (€80 million), not including accrued interest, in December 2024

“Spike over”

That wasn’t a spike, that was just a minor tremor, the spike is coming and its going to be huge

Thinks its pretty obvious that Exxon may want ECOs Namibian and South African assets and they might just promise to drill the Guyana assets as a sweetner

Remind me when the share price was at 3.5p lol

Https://www.energyvoice.com/oilandgas/north-sea/exploration-production/552920/north-sea-operator-hartshead-resources-shares-in-trading-halt/

DELT RNS:

"The struggle to find a way forward on a project like Pensacola, which is one of the largest discoveries in the North Sea in recent decades, is a real-world consequence of our political leadership using the nationally important oil and gas industry as a political football at a time when energy security is of paramount importance.

Given the impact of fiscal and political uncertainty on investment decisions we have seen a shift away from investment in larger standalone projects, like Pensacola, towards more affordable, lower risk opportunities which defer decommissioning or increase infrastructure life such as Selene, and the Company's Syros prospect in the Central North Sea, where we have seen an enhanced level of interest.

12p seems to be a barrier at the moment, market responding to recent activity and the likes of Chevron snapping up acreage around ECO.

11p is an absolute steal - should be 20p atleast

Pretty sure that 45p was reached just before they realeased the results of the well rather than pre drilling

Full year results not to far away, is the market expecting a good set of financials? What are we expecting:

No debt

Increased cash position from Sept interims? Net cash was 247m

Is a dividend too early

Buying back shares has been positive for SQZ with only a £15m buy back - will AA do similar - KIST has way less shares in issue than SQZ

Gas price has been lower so revenues will be impacted?

Has AA being looking at anything beyond the North Sea & Norway

Not too long to find out

Really light on trades to drive the share price upwards. Probably a tonne of money waiting on sidelines waiting on the quality of the green stuff

Confirmed drilling timescales, seems that a farm in isn’t sufficient to ignite a share price, the market wants transparency on the drill dates.

Interesting that they were quite dismissive about KIST and i thought i heard them say that they were a small company lol. Which i guess they are based on production verses SQZ, however, they are debt free, growing production and probably have more net cash than SQZ imho. Feels like there is still some bitterness from AA trying to takeover SQZ.

Does this RNS and share buy back get me to buy back into SQZ - nope, net cash is way lower than expected, i would of expected the combined group to have higher production, is a progressive dividend really safe, debt laden, not enough net cash to make any meaningful acquisition and Labour gunning for more cash from oil and gas.

It will be interesting to see how KIST end of year results stack up with SQZ, where they have lower production - i bet they have a lot more cash

We will know soon enough, not long to go on production commencing

Been here since initial IPO and topped up at 1.25, looks like share price has run out of energy short term. Do we get a sell off on production news or the start of a bull run?

Feels like production is priced in but revenue and EBIT isn’t. Market will be waiting for this info

Q3 in AIM is like an eternity - just some patience required at these levels

Don’t tell me you invest based on fat man Malcy advice - lol

Probably didn’t get invited to any lunch or dinner dates

Probably because its gone ex dvidend and the dividend for 2024.25 might be at risk

Mommur - it’s pretty risky buying this side of the election? I am expecting all North Sea oil and gas shares to tank if labour wins. So that has prevented me from also topping up.

Despite AA airing his views in some interviews, he hasn’t really talked about any overseas assets other than the Nordics.

He did make a private buy into a company called URAH though.

I wonder if he will diversify KIST into non oil and gas assets