Kistos Holdings plc ended 2025 in a “robust” financial position of $199 million cash, as it looks to further benefit from its newly acquired licence interests in Oman. PRIORITIES The cash figure includes $75 million in tax rebates relating to activity on its Norwegian assets in 2024. The company noted that tax rebates of approximately […]
Tag: Netherlands
Parkmead appoints Douglas Sedge as NED
The Parkmead Group plc has appointed Douglas Sedge as an independent non-executive director. He will also chair the company’s audit committee and serve as a member of the remuneration committee. Mr Sedge has more than 40 years’ experience in the energy sector within the UK and across numerous other countries. He has held senior executive […]
Kistos grants 1.7m incentive share awards
Kistos Holdings plc has granted a total 1,691,639 ordinary shares, including 1,427,124 to executive directors, in accordance with its 2021 equity incentive plan. DIRECTORS Under the long term incentive plan, executive chairman Andrew Austin received awards over 543,666 shares. Chief executive officer Peter Mann received 475,708 awards and chief financial officer James Thompson 407,750. The […]
Parkmead in talks to sell offshore UK licences
The Parkmead Group plc is in talks to sell its offshore UK licences as the company posted a swing to a profit in its full-year preliminary results. ASSETS The affected interests lie in the UK West of Shetland, Moray Firth and central and southern North Sea. Included in the portfolio is part ownership of licence […]
Kistos profits rise as projects review continues
Kistos Holdings plc’s increase in profits has failed to deter the company from reviewing opportunities outside the UK and Netherlands to avoid “unstable fiscal regimes”. FINANCES Full year 2022 results showed operating profits of €276.3 million (2021: loss of €62.8m) and pre-tax profits of €254.1m (2021: loss before tax of €73.9m). Taxes of €228m, which […]
Parkmead remains “robust” despite gas revenue losses
The Parkmead Group plc reported a loss in revenue and profits but an increase in assets in its preliminary results for the year ended 30 June 2020. FINANCES Revenue halved for the period to £4.1m (2019: £8.3m) and gross profit fell to £1.3m (2019: £5.7m). Pre-tax profits before tax and non-cash impairment charges were £0.8m. […]