Post by Kistos

Kistos today released a Q1 2026 Trading Update, highlighting continued delivery against expectations, including reaffirming FY26 production guidance, supported by strong performance in Norway and progress on its entry into Oman. Key highlights include: ▪️ Pro forma production averaged 21.8 kboepd in Q1 2026, with FY26 pro forma production guidance reiterated at 19,000–21,000 boepd ▪️ $204m of cash and near‑cash equivalents as at 31 March 2026, with adjusted net debt of $78m ▪️ Pro forma EBITDA of approximately $75m for the quarter ▪️ Acquisition of interests in Blocks 3 & 4 and Block 9 onshore Oman remains on track, expected to add 25.6 mmboe of 2P reserves at an attractive valuation of ~$5.80/boe ▪️ Entry into the Middle East expected to materially enhance scale, geographic diversification and long‑term value creation Looking ahead, Kistos remains well capitalised and focused on progressing its Oman transaction while continuing to assess value‑accretive M&A opportunities across Europe and the MENA region. You can read the full update here: https://lnkd.in/eJBNtBux