Kistos to Buy Three Onshore Block Interests in Oman for $148 Million

05:47 AM EST, 12/09/2025 (MT Newswires) -- Kistos (KIST.L) agreed to acquire working interests in three onshore blocks in Oman for $148 million, marking its entry in the Middle East and North Africa region. The London-listed energy company agreed to buy a 5% interest in Block 9 and a 20% interest in Blocks 3 and 4 from Mitsui E&P Middle East, according to a Tuesday filing, subject to governmental and regulatory approvals. Kistos plans to use existing cash to fund the acquisition, which is expected to be immediately cash generative.