Appointment of Joint Corporate Broker

RNS Number : 8728P

Kistos PLC

22 October 2021

 

22 October 2021

Kistos plc

("Kistos" or the "Company")

Appointment of Joint Corporate Broker

Kistos (LSE: KIST), the low carbon intensity energy producer pursuing a strategy to acquire assets with a role in energy transition is pleased to announce the appointment of Joh. Berenberg, Gossler & Co. KG ("Berenberg") as Joint Corporate Broker alongside Panmure Gordon, the existing Nomad and Corporate Broker, with immediate effect.

ENDS

Enquiries:

Kistos plc Andrew Austin	c/o Camarco Tel: [phone]
Panmure Gordon Nick Lovering / Atholl Tweedie / James Sinclair-Ford	Tel: [phone]
Berenberg
Emily Morris / Alamgir Ahmed	Tel: [phone]
Camarco Billy Clegg / James Crothers	Tel: [phone]

Notes to editors

Kistos plc was established to acquire and manage companies in the energy sector engaging in the energy transition trend. The Company has acquired Tulip Oil Netherlands B.V., which has a portfolio of assets, including profitable, highly cash generative natural gas production, plus appraisal and exploration opportunities. The Company has 19.5 mmboe of 2P reserves and an additional 102.1 mmboe of contingent resources.

Kistos is a low carbon producer. The Q10-A gas field in the Dutch North Sea (60% operated working interest) has recorded a Scope 1 carbon emissions intensity of 13g CO₂e/boe since inception. This compares to an industry average of 22kg CO₂/boe for gas extracted from the UK continental shelf.  The Q10-A normally unmanned installation is located approximately 20 km from the Dutch shore. It is powered sustainably via wind and solar power and is remotely operated, limiting offshore visits, which are conducted by boat.

https://kistosplc.com/  

 

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