Kelt Exploration Ltd.

Kelt Exploration Ltd. is providing updated guidance for 2021. During 2020, revenue generated by sales of oil and gas were adversely affected by the precipitous decline in oil and gas prices as a result of the unprecedented destruction in demand for the commodities due to global lockdowns and business interruptions. Several pharmaceutical companies have now developed vaccines as a measure to prevent or reduce COVID [...]

Kelt Exploration Ltd. reports its financial and operating results to shareholders for the first quarter ended March 31, 2021. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 2021 2020 % Petroleum and natural gas sales 59,835 70,918 -16 Cash provided by operating activities 26,582 50,172 -47 Adjusted funds from operations 27,451 27,360 - Basic 0.15 0.15 - Diluted [...]

Kelt Exploration Ltd. is pleased to announce that all matters presented for approval at the Annual Meeting of Shareholders held on April 21, 2021 have been fully authorized and approved. A total of 102,518,826 common shares, representing 54.36% of the common shares issued and outstanding, were represented in person or by proxy at the meeting. A brief description of the matters voted upon and the outcome of the votes is [...]

Kelt Exploration Ltd. has released its financial and operating results for the fourth quarter and year ended December 31, 2020. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended December 31 Year ended December 31 2020 2019 % 2020 2019 % Petroleum and natural gas sales 41,961 97,763 -57 207,156 394,356 -47 Cash provided by operating activities 3,288 35,396 -91 59,279 162,488 [...]

Kelt Exploration Ltd. is pleased to report on its oil & gas reserves and production for the year ended December 31, 2020. Kelt retained Sproule Associates Limited , an independent qualified reserve evaluator to prepare a report on its oil and gas reserves. The report is effective as of December 31, 2020. The Company has a Reserves Committee which oversees the selection, qualifications and reporting procedures of the [...]

Kelt Exploration Ltd. is pleased to announce the release of its inaugural ESG Report, dated January 7, 2021, as part of its ongoing commitment to health and safety, responsible and sustainable resource development, good governance practices and community engagement. The ESG Report highlights many of the Company's achievements, including: a 25% reduction in injury related incidents in 2019, compared to the previous year; a [...]

Kelt Exploration Ltd. reports its financial and operating results to shareholders for the three and nine months ended September 30, 2020. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended September 30 Nine months ended September 30 2020 2019 % 2020 2019 % Petroleum and natural gas sales 48,823 93,274 -48 165,195 296,593 -44 Cash provided by operating activities 14,640 -159 [...]

As required by applicable securities laws, David J. Wilson announces that he has acquired an aggregate of 5,000,000 common shares of Kelt Exploration Ltd. through the facilities of the Toronto Stock Exchange at the price of $1.47 per Share, for an aggregate purchase price of $7,350,000. The Shares were purchased on September 16, 2020. Prior to the acquisition of Shares, Mr. Wilson held, directly or indirectly, 18,782,992 [...]

Kelt Exploration Ltd. has completed its previously announced disposition of oil and gas assets in its Inga/Fireweed/Stoddart Division , located in British Columbia, to ConocoPhillips . The effective date for closing adjustments relating to the disposition was July 1, 2020. Kelt received gross cash proceeds of $510.0 million, prior to closing adjustments. In addition, the Purchaser has assumed certain specific financial [...]

Kelt Exploration Ltd. reports its financial and operating results to shareholders for the three and six months ended June 30, 2020. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 2020 2019 % 2020 2019 % Petroleum and natural gas sales 45,454 100,734 -55 116,373 203,319 -43 Cash provided by operating activities 14,429 58,639 -75 64,601 [...]