May 9 (Reuters) - Kelt Exploration Ltd:
* KELT REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2018
* QUARTERLY ADJUSTED FFO PER SHARE C$0.25
* QUARTERLY REVENUE C$90 MILLION
* Q1 FFO PER SHARE C$0.25
* FORECASTING FUNDS FROM OPERATIONS IN 2018 OF $215.0 MILLION
* HAS NOT CHANGED ITS 2018 AVERAGE PRODUCTION GUIDANCE OF 28,500 TO 29,500 BOE PER DAY
* SAYS BOARD OF DIRECTORS HAVE AGREED TO INCREASE 2018 CAPITAL EXPENDITURE BUDGET BY $65.0 MILLION
* WELL POSITIONED FINANCIALLY TO EXECUTE ITS CAPITAL PROGRAM DURING REMAINDER OF 2018
* SEES 2018 ADJUSTED FFO PER COMMON SHARE $1.17
* CURRENTLY UNHEDGED IN 2018
* QTRLY COMBINED AVERAGE DAILY PRODUCTION OF 26,978 BOE/D VERSUS 20,204 BOE/D Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)
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