for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

BRIEF-Kelt Reports Q1 FFO Per Share C$0.25

May 9 (Reuters) - Kelt Exploration Ltd:

* KELT REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2018

* QUARTERLY ADJUSTED FFO PER SHARE C$0.25

* QUARTERLY REVENUE C$90 MILLION

* Q1 FFO PER SHARE C$0.25

* FORECASTING FUNDS FROM OPERATIONS IN 2018 OF $215.0 MILLION

* HAS NOT CHANGED ITS 2018 AVERAGE PRODUCTION GUIDANCE OF 28,500 TO 29,500 BOE PER DAY

* SAYS BOARD OF DIRECTORS HAVE AGREED TO INCREASE 2018 CAPITAL EXPENDITURE BUDGET BY $65.0 MILLION

* WELL POSITIONED FINANCIALLY TO EXECUTE ITS CAPITAL PROGRAM DURING REMAINDER OF 2018

* SEES 2018 ADJUSTED FFO PER COMMON SHARE $1.17

* CURRENTLY UNHEDGED IN 2018

* QTRLY COMBINED AVERAGE DAILY PRODUCTION OF 26,978 BOE/D VERSUS 20,204 BOE/D Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up