Kistos shares jump on Oman deal progress and production growth

Kistos Holdings PLC (AIM:KIST) shares rose 11.3% to 295p after the group reported higher production and progress on its Oman acquisition.

The company said pro forma production averaged 21.8 thousand barrels of oil equivalent per day in the first quarter, up from 7 thousand a year earlier excluding Oman. Full-year guidance remains unchanged at 19-21 thousand barrels per day.

Kistos reported pro forma EBITDA of about…