Kistos Energy (RockRose re-born).
Posted: April 14th, 2021, 8:15 pm
Kistos Energy probably deserve their own thread!
Andrew Austin achieved remarkable returns with RockRose Energy (basically x40!) between 2016 and 2020.
Strategy was based on M&A acquisitions in North Sea - eventually selling out to Viaro last year.
Andrew Austin is now back his latest venture - Kistos Energy.
At present Austin owns 27% stake having put in £10 million of his own cash. So he has plenty skin in the game.
Notionally this is an energy transition company.
Though I reckon that is basically green wash to justify extensive market funding for future acquisition deals.
First deal has recently been concluded - Tulip energy.
Upon compleation this will transform company from cash shell to producing asset.
Planned re-float date is mid-May 21.
Anyone else invested ? Simply based on history of Rock Rose Energy this one might fly?
AA knows how to work a share price...
https://www.offshore-technology.com/new ... therlands/
Andrew Austin achieved remarkable returns with RockRose Energy (basically x40!) between 2016 and 2020.
Strategy was based on M&A acquisitions in North Sea - eventually selling out to Viaro last year.
Andrew Austin is now back his latest venture - Kistos Energy.
At present Austin owns 27% stake having put in £10 million of his own cash. So he has plenty skin in the game.
Notionally this is an energy transition company.
Though I reckon that is basically green wash to justify extensive market funding for future acquisition deals.
First deal has recently been concluded - Tulip energy.
Upon compleation this will transform company from cash shell to producing asset.
Planned re-float date is mid-May 21.
Anyone else invested ? Simply based on history of Rock Rose Energy this one might fly?
AA knows how to work a share price...
https://www.offshore-technology.com/new ... therlands/