Member Info for YoungJun

Long way to go on Benriach on a dry hole (118 days) looking at around 18th July, obviously we will be hoping its on schedule and we get news much later with a discovery

combination of natural well depletion and i can imagine Q10-A production is affected by the well stimulation programme ongoing, so these figures will be well in line with expectations. We should get an RNS once the Valaris 123 is finished its programme and departs field.

Wait for the prospectus and shareholder info that will lay out the details of the transaction.

Gas prices under pressure, will stop soon no doubt when more geopolitical news drops

All a bit lame across there at present, seems to be a number of regular setbacks. Anyway back to KIST taking a breather before the afternoon leg up

Not enought cash to tempt an offer i would guess owuld need to be in the region of £8-£10 before it would even by entertaines that would need at least £650m just to start a conversation :(

Understand from previous RNS/Interviews that this cannot happen until at least Sept/Bonds are paid off. I would imaging this may become clearer after the outcome of the proposed SQZ deals is known, although wouldnt imagine there would be any hanging around in looking at another deal and deploying said cash again.

If NE is a duster the costs would be minimal due to teh levy its the enture potnetial that would be lost - it would have a significant impact on SP if it goes either way. If it comes in SQZ have majot shielding and if it doesnt takeover is in play.

SQZ slower to progress 'at the moment' as currently sitting on a cash pile not knowing if its going to be used for dividends/buy backs or to do a deal in the market (Not KIST). never good to hold on to so much cash without deploying it in some way.

It looks to me if its just KIST valuation being unwound. Berneberg note on KIST a few weeks back had fair value at around 735p per share with Laggan deal was complete. Doubtless there are talks between the boards ongoing all will be revealed by the 9th thankfully as i cant see either board allowing extension unless a deal either way is close.

recent press indicated KIST are about the most profitable play in O & G market, upside plan in deal is £8 per share for SQZ would be silly not to consider but would think there needs to be an increase in deal to over the previous high SQZ price.

KIST is very sticky shareholders board nearly 25%, bankers have backed AA every time and followed from RRE. SQZ need to show they are doing something. If any deal happens likely it will be 410p or nothing.

Basically that, SQZ board needed to be seen to do something, 4% counter offer absolutely no thought put to that. Presentation at 9:30am will be interesting to listen to as KIST seem to be going all in on this one. PI wont have a say either way it will be up to the bankers to sort it all out one way or another.

If anyone knows finances it's AA. Knows what Q10-A finances are producing and only hedges enough to cover costs. prospective assets 97% uptime. Glendronach will massivley uplift production for the development and there is a large target prospect they have in the transaction that will drill 2023. Whole deal paid in 12-18 Months cannot be underplayd. March financial update should give us a better idea unless the Malcy interview can reveal some of the answers to questions.

I am delighted to be able to report Kistos' maiden set of interim results covering the period from incorporation to 30 June 2021, which included approximately six weeks of production from the Q10-A field - 1 month of ownership of the TONO assets you refer to, since then gas prices have been on a tear up with what may be the lowest cost to produce in the area. You need to factor in the Managment element with AA who has a large skin in the game also and has produced these results before. Kistos currently appraising (not exploration) once of its discoveries which can be in production in 2 years similar size to Q10A. I've been in 13E before and they have done well recently earning next 12 months $119m dollars is the guidance but i got out last year due to no partner on Serenity being announced and also some big placings. notice that recent RNS havent even mentioned UK North Sea only CAD Assets without exploration.

Your research clearly hasn’t got as far as working out that the financials are from period up until take over of TONO. So full years won’t be until Mar 22. Gas not oil where the money is at just now. Unmanned platform low emmisions etc

Early March for the next financial update

seems that way. lots of activity down at the well location today cant be far off now.

Drilling could be coming to an end noticed supply boat worked both sides of rig for a few days?

Results next week I reckon. 6 weeks from 22/11 estimated. Might be time for an update on Vieland as well although AA might tease a few RNS out to keep the momentum