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Kelt Exploration Ltd (KEL.TO)

KEL.TO on Toronto Stock Exchange

8.68CAD
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Kelt Exploration Says Expects To Enter Into A Marketing Arrangement With Altagas
Thursday, 5 Jul 2018 

July 5 (Reuters) - Kelt Exploration Ltd ::KELT REPORTS INGA INFRASTRUCTURE AGREEMENT, PROVIDES AN OPERATIONS UPDATE AND EXPANDS ITS EXECUTIVE TEAM.KELT EXPLORATION LTD - KELT EXPECTS TO ENTER INTO A MARKETING ARRANGEMENT WITH ALTAGAS.KELT EXPLORATION LTD - EXPECTS Q2 2018 PRODUCTION TO BE IN 26,000 TO 26,500 BOE PER DAY RANGE.KELT EXPLORATION - ENTERED LOI WITH ALTAGAS FOR FIRM PROCESSING OF 75 MMCF/DAY OF RAW GAS UNDER 10 YEAR TAKE-OR-PAY ARRANGEMENT AT TOWNSEND DEEP CUT GAS PLANT.KELT EXPLORATION LTD - DURING Q2 , THREE OF MAJOR GAS PLANTS USED BY KELT TO PROCESS ITS GAS WENT DOWN FOR PLANT TURNAROUND OPERATIONS.KELT EXPLORATION LTD - KELT AVOIDED SELLING GAS INTO "DEPRESSED" WESTERN CANADA GAS MARKET.KELT EXPLORATION - LOI ENTERED INTO WITH ALTAGAS ALSO STIPULATES CONSTRUCTION OF A RAW GAS GATHERING PIPELINE FROM INGA TO TOWNSEND.KELT EXPLORATION-EXPECTS TO ENTER MARKETING ARRANGEMENT WITH ALTAGAS WHEREBY ALL OF CO'S PROPANE DELIVERED TO NORTH PINE TO GET FAR EAST INDEX PRICING.  Full Article

Kelt Exploration posts Q3 adjusted FFO per share C$0.13
Thursday, 9 Nov 2017 

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

BRIEF-Kelt Reports Q1 FFO Per Share C$0.25

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