Kistos Holdings plc has applied for a block admission of two million ordinary shares, of £0.10 each, to trade on AIM. The ordinary shares relate to share option exercises under the company’s 2021 employee incentive plan and 2025 long-term incentive plan. Admission is expected on or around 24 October 2025. As at 2 September 2025, […]
Tag: Norwegian North Sea
Kistos expects Balder-Ringhorne first oil year end
Kistos Holdings plc said that first oil was now expected at the end of 2024 from the Balder and Ringhorne oil and gas fields in Norway. ENCOURAGED Kistos acquired a 10% interest in Balder, comprising the Balder and Ringhorne fields, and a 7.4% stake in the Ringhorne East unit via its purchase of Mime Petroleum […]
Neptune discovers new gas at Kyrre prospect
Neptune Energy and its partners have made a new gas discovery at the Kyrre prospect within PL929 in the Norwegian sector of the North Sea. VOLUMES The discovery is located close to the Gjøa field where the company today also confirmed the volumes for the Ofelia appraisal well. After drilling side-track 35/6-4 A into the […]
Neptune spuds Ofelia appraisal well
Neptune Energy has begun drilling the Ofelia appraisal well on PL929 in the Norwegian sector of the North Sea. AGAT & KYRRE The Ofelia discovery, made in August 2022, lies approximately 14km north of the Neptune-operated Gjøa field. The company said that preliminary estimates of recoverable volume were 2.5 to 6.2 million standard cubic metres […]
Neptune JV discovers oil and gas near Fram field
Neptune Energy’s partner and operator Equinor has discovered oil and gas near the Fram field in the Norwegian North Sea. ESTIMATES Neptune holds a 15% share in the discovery, which lies within the Equinor-operated Fram licence area. “Preliminary estimates of the size of the discovery are between 1.5 and 5.5 million standard cubic metres (Sm3) […]
Neptune awarded new licences in Norwegian North Sea
Neptune Energy has been granted two new licences in the Norwegian North Sea through the the Awards in Predefined Areas (APA) 2023. KEY OPPORTUNITIES The grant includes PL1180 (40% and operator) in the Gjøa area and PL1179 (15% and partner) in the Fram area. Both are close to existing infrastructure in areas where Neptune already […]