Small-cap energy names delivered a steady operational update and a pre-drill milestone in a session light on surprises but heavy on progress. Kistos reaffirmed its production outlook while building a substantial cash buffer, and Georgina Energy edged closer to spudding its Hussar well in Western Australia, sending its shares sharply higher.
Kistos holds guidance as cash builds to $259m
Kistos Holdings (KIST) confirmed first-half pro forma production of 20,500 boepd and left its full-year 2026 guidance unchanged, giving the market confidence that the growing energy group remains on track. Cash holdings rose to $259m over the period, underlining the balance-sheet strength behind the reiterated outlook. Shares in Kistos added 2.71% to 265.0p.
Georgina Energy mobilises water well ahead of Hussar test
GEORGINA ENERGY (GEX) has mobilised to its 100%-owned Hussar EP513 site in Western Australia to drill a water well, a necessary step before the Ensign 970 rig can move onto location for a Q3 drill test. The programme is being funded entirely by partner Harlequin, limiting Georgina's own capital exposure to the well. The update sent shares up 30.282% to 9.25p.
