Kelt Exploration Ltd. is pleased to announce that all matters presented for approval at the Annual and Special Meeting of Shareholders held April 25, 2019 have been fully authorized and approved. A total of 130,402,279 common shares, representing 70.87% of the common shares, 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 set forth below [...]
Kelt Exploration Ltd. has released its financial and operating results for the fourth quarter and year ended December 31, 2018. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended December 31 Year ended December 31 2018 2017 % 2018 2017 % Petroleum and natural gas revenue, before royalties 100,350 80,838 24 389,277 257,557 51 Cash provided by operating activities 63,656 [...]
Kelt Exploration Ltd. is pleased to report on its oil & gas reserves and production for the year ended December 31, 2018. . HIGHLIGHTS December 31, 2018 December 31, 2017 Change % Weight Amount % Weight Amount Proved plus Probable Reserves Oil & NGLs 43% 128,847 43% 101,788 + 27% Gas 57% 1,042,987 57% 802,875 + 30% Combined 100% 302,678 100% 235,601 + 28% Net Present Value of Reserves Proved ...
Kelt Exploration Ltd. has released its financial and operating results for the three and nine months ended September 30, 2018. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended September 30 Nine months ended September 30 2018 2017 % 2018 2017 % Petroleum and natural gas revenue, before royalties 100,219 56,422 78 288,927 176,719 63 Cash provided by operating [...]
Kelt Exploration Ltd. is providing details relating to its capital expenditure plans for the second half of 2018. The Company has elected to redirect capital to several projects previously planned for 2019. This capital will become available as a result of delaying the completion of the five-well pad that has been drilled in its Fireweed property in British Columbia, as well as the pipeline infrastructure associated with [...]
Kelt Exploration Ltd. has released its financial and operating results for the three and six months ended June 30, 2018. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 2018 2017 % 2018 2017 % Petroleum and natural gas revenue, before royalties 98,715 60,072 64 188,708 120,297 57 Cash provided by operating activities 39,183 28,480 38 [...]
CALGARY, Alberta, July 05, 2018 -- Inga Infrastructure Kelt Exploration Ltd. is pleased to announce that it has entered into a letter of intent with AltaGas Ltd. for firm processing of 75 MMcf per day of raw gas under a 10 year take-or-pay arrangement at AltaGas’s proposed and already permitted 99 MMcf per day C3+ deep-cut natural gas processing plant located at AltaGas’ existing Townsend site which is [...]
CALGARY, Alberta, May 09, 2018 -- Kelt Exploration Ltd. has released its financial and operating results for the three months ended March 31, 2018. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 2018 2017 % Petroleum and natural gas revenue, before royalties 89,993 60,225 49 Cash provided by operating activities 53,663 25,890 107 Adjusted funds from [...]
CALGARY, Alberta, April 19, 2018 -- Kelt Exploration Ltd. is pleased to announce that all matters presented for approval at the Annual Meeting of Shareholders held April 18, 2018 have been fully authorized and approved. A total of 113,455,276 common shares, representing 62.94% of the common shares, were represented in person or by proxy at the meeting. A brief description of the matters voted upon and the outcome of the [...]
CALGARY, Alberta, March 07, 2018 -- Kelt Exploration Ltd. has released its financial and operating results for the fourth quarter and year ended December 31, 2017. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended December 31 Year ended December 31 2017 2016 % 2017 2016 % Petroleum and natural gas revenue, before royalties 80,838 55,737 45 257,557 184,613 40 Cash [...]
CALGARY, Alberta, Feb. 08, 2018 -- Kelt Exploration Ltd. is pleased to report on its oil & gas reserves and production for the year ended December 31, 2017. Kelt's audit of its 2017 annual consolidated financial statements has not been completed and accordingly all financial amounts relating to 2017 referred to in this news release are unaudited and represent management's estimates. Readers are advised that these [...]
The Board of Directors of Kelt Exploration Ltd. is pleased to announce that it has appointed Geri Greenall as a director of the Company effective December 14, 2017. Ms. Greenall is currently Executive Vice President, Portfolio Manager and Chief Operating Officer of Kyklopes Capital Management Ltd. She has over 14 years of experience either as a Portfolio Manager or Research Analyst in the oil and gas industry. Ms [...]
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