Kelt Exploration Ltd.

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Kelt Exploration Ltd. is pleased to report on its 2024 production volumes and exit rates, together with a change of its qualified reserves evaluator. Kelt's average production for 2024 was 33,115 BOE per day , in line with previous guidance. Kelt ended the year on a strong note exiting with average December production of 38,369 BOE per day . In 2025, Kelt expects to continue to show significant production growth as new [...]

Kelt Exploration Ltd. is providing financial and operating guidance for 2025. The Company expects to incur $328.0 million in capital expenditures during the year and is forecasting to generate $345.0 million in adjusted funds from operations in 2025. The following table outlines Kelt's forecasted average commodity price assumptions for 2025 with actual 2023 and forecasted 2024 commodity prices shown for comparative [...]

Kelt Exploration Ltd. reports its financial and operating results to shareholders for the three and nine months ended September 30, 2024. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended September 30 Nine months ended September 30 2024 2023 % 2024 2023 % Petroleum and natural gas sales 107,884 116,948 -8 343,368 366,580 -6 Cash provided by operating activities 52,166 [...]

Kelt Exploration Ltd. reports its financial and operating results to shareholders for the three and six months ended June 30, 2024. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 2024 2023 % 2024 2023 % Petroleum and natural gas sales 109,093 110,061 -1 235,484 249,632 -6 Cash provided by operating activities 46,419 68,163 -32 108,912 [...]

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Kelt Exploration Ltd. is providing an operations update and changes to its 2024 guidance. Due to the current higher than average natural gas storage inventories in both the United States and Canada, current natural gas prices have been weak at North American pricing point hubs; especially at AECO and Station 2 where gas prices have dipped below $1.00/GJ. Kelt has elected to defer the start-up of certain gassier wells in [...]

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