Entrepreneur Andrew Austin’s energy investment company Kistos hit pre-tax losses of €5.2 million (£4.3m) in its maiden set of results following its takeover of Tulip Oil Netherlands.
London-headquartered energy sector firm Kistos has kicked off its drilling campaign for 2021.
The former chief financial officer (CFO) at RockRose Energy has rejoined Andrew Austin in the same role at his new venture Kistos.
New Kistos acquisition, Tulip Oil Netherlands (TON), has taken steps to target its short-term debt.
A year on from being hit by some of the biggest challenges the upstream exploration and production (E&P) sector has faced and so far in 2021, we have seen a greater volume of disclosed North Sea deal value than in the whole of 2020.
Entrepreneur Andrew Austin’s new energy sector investment company Kistos has clinched its maiden acquisition for an initial £190 million.
Entrepreneur Andrew Austin’s new energy sector investment company expects to raise £31.75 million via its initial public offering, slated for this week.
On this week’s episode, in association with Fasken, the team looks at the return of RockRose Energy founder Andrew Austin to the North Sea fold, after he sold up his former firm for nearly £250m earlier this year.
Andrew Austin is making his North Sea return with a new investment company, aimed at buying up UK assets, after selling RockRose Energy.