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Kistos, headed up by former RockRose Energy CEO Andrew Austin, will take up interests in the Greater Laggan Area fields and the Shetland Gas Plant, as well as interests in nearby exploration licences.

The deal covers an initial payment of £93 million, plus two contingent payments, the first being up to £30 million depending on the gas price in 2022.

Read the full story here.

Photo Credit: Energy Voice.

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