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| Date | 22 Oct 2021 |
| Time | 07:00:03 |
| Category | Corporate updates |
| ID | 8728P |
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:
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Kistos plc Andrew Austin
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c/o Camarco Tel: 020 3757 4983 |
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Panmure Gordon Nick Lovering / Atholl Tweedie / James Sinclair-Ford
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Tel: 020 7886 2500 |
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Berenberg |
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Emily Morris / Alamgir Ahmed
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Tel: 020 3207 7800 |
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Camarco Billy Clegg / James Crothers |
Tel: 020 3757 4983 |
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.