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Kelt Exploration Ltd (KEL.TO)

KEL.TO on Toronto Stock Exchange

6.94CAD
14 Dec 2017
Change (% chg)

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Latest Key Developments (Source: Significant Developments)

Kelt Exploration posts Q3 adjusted FFO per share C$0.13
Thursday, 9 Nov 2017 09:00am EST 

Nov 9 (Reuters) - Kelt Exploration Ltd :Kelt reports financial and operating results for the three and nine months ended September 30, 2017.Q3 adjusted FFO per share C$0.13.Q3 revenue C$56.4 million versus I/B/E/S view C$57.7 million.Sees FY 2018 FFO per share c$0.97.Q3 FFO per share c$0.13.Kelt Exploration Ltd - Qtrly ‍average production was 22,510 boe per day, up 10% from last year​.Kelt Exploration Ltd - ‍Expects to exit 2017 with about 27,500 BOE per day of estimated production, up 4% from previous estimate of 26,500 boe per day​.Kelt Exploration Ltd - ‍Kelt has prepared its 2018 budget based on capital expenditures of $210.0 million​.Kelt Exploration Ltd - ‍Company's board of directors has increased kelt's 2017 capital expenditures budget to $226.0 million​.Kelt Exploration Ltd - ‍Forecasted average production of 21,800 boe per day in 2017​.Kelt Exploration Ltd - ‍Forecasted average production in 2018 is estimated to be from 28,500 boe per day to 29,500 boe per day​.Kelt Exploration Ltd - ‍Kelt estimates that company's bank debt, net of working capital, will be approximately $155.0 million as at December 31, 2018​.  Full Article

Kelt quarterly FFO per share C$0.07
Wednesday, 10 Aug 2016 08:00am EDT 

Kelt Exploration Ltd : Kelt reports financial and operating results for the three and six months ended june 30, 2016 . Quarterly FFO per share c$0.07 . Quarterly revenue c$40.7 million . Sees 2016 funds from operations of $54.0 million ($0.31 per share, diluted), up 8% from previous guidance . Sees 2016 capital expenditures, including acquisitions, of $87.0 million, up 5% from previous guidance .Average production for three months ended june 30, 2016 was 20,208 boe per day, up 4%.  Full Article

Kelt Exploration announces amendments to its credit facility
Tuesday, 31 May 2016 07:12pm EDT 

Kelt Exploration Ltd : Kelt exploration announces amendments to its credit facility . Agreed to certain amendments to its existing credit facility and borrowing base has been re-determined at $185.0 million .Expects to realize annual savings of approximately $900,000 by eliminating standby fees on unused credit amounts at current rate.  Full Article

Kelt Exploration Ltd gives FY 2016 production guidance
Tuesday, 8 Mar 2016 08:00am EST 

Kelt Exploration Ltd:Expects FY 2016 average production of 21,000 BOE per day.  Full Article

BRIEF-Kelt Exploration posts Q3 adjusted FFO per share C$0.13

* Kelt reports financial and operating results for the three and nine months ended September 30, 2017