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Kelt Exploration Ltd (KEL.TO)

KEL.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kelt Reports Q2 FFO Per Share C$0.25
Thursday, 9 Aug 2018 08:30am EDT 

Aug 9 (Reuters) - Kelt Exploration Ltd ::KELT REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2018.QUARTERLY ADJUSTED FFO PER SHARE C$0.25.QUARTERLY REVENUE C$98.7 MILLION.Q2 FFO PER SHARE C$0.25.AVERAGE PRODUCTION FOR THREE MONTHS ENDED JUNE 30, 2018 WAS 26,120 BOE PER DAY, UP 26%.PRODUCTION FOR THREE MONTHS ENDED JUNE 30, 2018 WAS WEIGHTED 42% OIL AND NGLS AND 58% GAS.REDUCED ITS 2018 AVERAGE PRODUCTION ESTIMATE TO A RANGE OF 28,000 TO 29,000 BOE PER DAY.WELL POSITIONED FINANCIALLY TO EXECUTE ITS CAPITAL PROGRAM DURING REMAINDER OF 2018.EXPECTS TO EXIT 2018 WITH A NET DEBT/FUNDS FROM OPERATIONS RATIO OF 0.8 TIMES.  Full Article

Kelt Reports Q1 FFO Per Share C$0.25
Wednesday, 9 May 2018 08:30am EDT 

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.  Full Article

Kelt Reports Q4 Adjusted FFO Per Share C$0.18
Wednesday, 7 Mar 2018 09:00am EST 

March 7 (Reuters) - Kelt Exploration Ltd ::KELT REPORTS FINANCIAL AND OPERATING RESULTS FOR THE QUARTER AND YEAR ENDED DECEMBER 31, 2017.Q4 ADJUSTED FFO PER SHARE C$0.18.Q4 REVENUE C$80.8 MILLION.SEES FY 2018 FFO PER SHARE C$1.10.Q4 FFO PER SHARE C$0.18.QTRLY AVERAGE PRODUCTION WAS 25,063 BOE PER DAY, UP 27%.FORECASTED AVERAGE PRODUCTION IN 2018 IS ESTIMATED TO BE IN RANGE FROM 28,500 BOE PER DAY TO 29,500 BOE PER DAY.2018 CAPITAL EXP‍​ENDITURE GUIDANCE UNCHANGED.WILL RE-EVALUATE ITS SPENDING PLANS FOR REMAINDER OF 2018 AFTER Q1.  Full Article

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 Exploration posts qtrly adjusted FFO per share c$0.14
Wednesday, 9 Aug 2017 08:45am EDT 

Aug 9 (Reuters) - Kelt Exploration Ltd :Kelt reports financial and operating results for the three and six months ended June 30, 2017.Quarterly adjusted FFO per share c$0.14.Quarterly revenue c$60.1 million.Kelt Exploration Ltd - board of directors has agreed to increase 2017 capital expenditure budget by a net $10.0 million.Kelt Exploration Ltd qtrly combined average daily production 20,684 boe/d versus 20,208 boe/d​.Kelt Exploration Ltd - total exploration and development capital expenditures planned for 2017 are $191.0 million versus previously $173.0 million.Kelt Exploration Ltd qtrly ‍production per million common shares 118 boe/d versus 116 boe/d​.Kelt Exploration Ltd - average production during Q2 of 2017 was below original estimates as third party outages and downtime exceeded expectations.  Full Article

Kelt reports Q1 FFO per share C$0.15
Wednesday, 10 May 2017 08:30am EDT 

May 10 (Reuters) - Kelt Exploration Ltd : :Kelt reports financial and operating results for the three months ended March 31, 2017.Quarterly adjusted FFO per share C$0.15.Quarterly revenue C$60.2 million.Q1 FFO per share C$0.15.Sees FY 2017 adjusted FFO per share C$0.73.  Full Article

BRIEF-Kelt Reports Q1 FFO Per Share C$0.25

* KELT REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2018