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Company News

BRIEF-Kelt Exploration posts Q3 adjusted FFO per share C$0.13

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 Source text for Eikon: Further company coverage:

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