Kistos PLC (AIM:KIST) shares rallied as it said TotalEnergies, its partner and operator of the Greater Laggan Area gas field, intends to resume operations within the next two weeks.
Total shut down the Shetland Gas Plant that services the field after a heating medium system failure, but replacing the failed parts and restarting safely should occur shortly, Kistos added.
In the meantime, Kistos confirmed that its average production in 2023 is still expected to be within the previously guided range of 8,500-10,500 barrels a day.
Shares rose 3% to 181p.