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An update from Kistos PLC ( (GB:KIST) ) is now available.
Kistos Holdings PLC reported its full-year results for 2024, highlighting significant progress in its Balder Future project and the acquisition of EDF Energy’s gas storage assets. The company achieved an average daily production of 8,050 boepd and increased its working gas capacity by 24%. Despite a statutory loss after tax of $52 million, Kistos is optimistic about 2025, with plans to increase production and explore new growth opportunities. The completion of the Balder Future project is expected to significantly boost production and cash flow, positioning the company for further development and exploration in the Balder Area.
More about Kistos PLC
Kistos Holdings PLC is an independent energy company focused on generating value in the upstream and midstream markets. The company is involved in oil and gas production and storage, with a market focus on expanding its portfolio and increasing production capacity.
YTD Price Performance: 14.29%
Average Trading Volume: 219,132
Technical Sentiment Signal: Strong Buy
Current Market Cap: £99.44M
See more data about KIST stock on TipRanks’ Stock Analysis page.