Kistos has provided a summary of its audited full-year results for the year ended 31 December 2022. Mime acquisition completed in May 2023. Kistos is ready to sanction the Edradour West and Glendronach developments in the Greater Laggan Area (GLA). If approved, Edradour West development programme anticipated to commence by year-end 2023.
Kistos has announced the completion of the acquisition of all of the outstanding shares of Mime Petroleum. Completion of the acquisition marks Kistos entry into the Norwegian Continental Shelf and adds 24 MMboe of 2P reserves plus 30 MMboe of 2C resources, increasing total Group reserves plus resources to approx. 80 MMboe.
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Kistos has reached a conditional agreement to acquire all of the outstanding shares of Mime Petroleum. On completion, the acquisition will add 24 MMboe of 2P reserves (operator estimate) plus 30 MMboe of 2C resources, increasing total Group reserves plus resources to approx. 80 MMboe.
Rob Mathews, Ben Bierwirth and James Tanner of Baker McKenzie consider the current state of primary debt financial products with international appeal in the leveraged or acquisition finance context