BRIEF-Kelt Exploration sees 2016 FFO per share of $0.29

Wed May 11, 2016 8:41am EDT
 
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May 11 (Reuters) - Kelt Exploration Ltd

* Sees fy 2016 average production of 21,500 boe per day, up from previous guidance of 21,000 boe per day

* Qtrly average production was 23,295 boe per day, up 46% from average production of 16,005 boe per day during q1 of 2015

* Sees fy 2016 production mix to be weighted 37% to oil & ngls and 63% to gas

* Sees 2016 total capital expenditures of $83.0 million, up 28% from previous guidance

* Sees 2016 FFO per share $0.29

* Kelt reports financial and operating results for the three months ended march 31, 2016

* Quarterly FFO per share c$0.04

* Quarterly revenue c$40.4 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)