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Kelt Exploration Ltd (KEL.TO)

KEL.TO on Toronto Stock Exchange

2.84CAD
16 Aug 2019
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$0.14 (+5.19%)
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Latest Key Developments (Source: Significant Developments)

Kelt Exploration Reports Quarterly Adjusted FFO Per Share Of C$0.28
Wednesday, 8 May 2019 

May 8 (Reuters) - Kelt Exploration Ltd ::KELT REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2019.QUARTERLY ADJUSTED FFO PER SHARE C$0.28.QUARTERLY REVENUE C$102.6 MILLION.Q3 FFO PER SHARE C$0.28.SAYS 2019 CAPITAL EXPENDITURE BUDGET OF $270.0 MILLION, PREVIOUSLY APPROVED BY COMPANY'S BOARD IN NOVEMBER 2018, REMAINS UNCHANGED.SAYS FORECASTED 2019 FUNDS FROM OPERATIONS REMAINS UNCHANGED.  Full Article

Kelt Exploration Q3 Adjusted FFO Per Share C$0.25
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Kelt Exploration Ltd ::KELT REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2018.Q3 ADJUSTED FFO PER SHARE C$0.25.Q3 REVENUE C$100.2 MILLION.Q3 FFO PER SHARE C$0.25.QTRLY AVERAGE PRODUCTION WAS 26,204 BOE PER DAY, UP 16%.REALIZED AVERAGE OIL PRICE DURING Q3 OF 2018 WAS $80.62 PER BARREL, UP 51%.REDUCED ITS ANNUAL 2018 AVERAGE PRODUCTION ESTIMATE TO BE WITHIN A RANGE OF 27,000 TO 28,000 BOE PER DAY.QTRLY PETROLEUM AND NATURAL GAS REVENUE, BEFORE ROYALTIES C$100.2 MILLION VERSUS C$56.4 MILLION.SEES FY CAPITAL EXPENDITURES, NET OF DISPOSITIONS $287.0 MILLION.SEES FY FFO $1.04 PER SHARE.PREPARED ITS 2019 FINANCIAL GUIDANCE BASED ON A CAPITAL EXPENDITURE BUDGET OF $270.0 MILLION.ESTIMATED AVERAGE PRODUCTION OF 33,500 TO 34,500 BOE PER DAY IN 2019.PRODUCTION MIX IS EXPECTED TO BE WEIGHTED 47% TO OIL & NGLS AND 53% TO GAS IN 2019.ESTIMATED FUNDS FROM OPERATIONS OF $240.0 MILLION, OR $1.23 PER SHARE, IN 2019.2018 CAPITAL EXPENDITURE PROGRAM INCLUDES ABOUT $60.0 MILLION OF DRILLING AND COMPLETION EXPENDITURES FOR WELLS.  Full Article

Kelt Reports Q2 FFO Per Share C$0.25
Thursday, 9 Aug 2018 

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 

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 

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 

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

CANADA STOCKS-TSX edges higher as gains in energy shares offset losses in mining stocks

June 26 Canada's main stock index edged higher on Wednesday, as gains in energy shares offset declines in mining stocks and software maker BlackBerry.