Brief: Kelt Exploration Approves Increase To Capital Expenditure Program For 2021

Kelt Exploration

25/05/2021 03:40

May 25 (Reuters) - Kelt Exploration Ltd  KEL.TO :
    * APPROVED AN INCREASE TO THE COMPANY’S CAPITAL EXPENDITURE
PROGRAM FOR 2021
    * EXPECTS TO SPEND $150.0 MILLION IN 2021, UP 25% FROM ITS
PREVIOUS FORECAST OF $120.0 MILLION
    * PRODUCTION IN 2021 NOW FORECASTED TO AVERAGE 21,000 BOE
PER DAY,
UP 11% FROM PREVIOUS FORECAST OF 19,000 BOE PER DAY
    * ADJUSTED FUNDS FROM OPERATIONS FOR 2021 IS FORECASTED TO
BE
$118.0 MILLION, A 10% INCREASE FROM PREVIOUS FORECAST

Source text for Eikon:  ID:nNDL1FfGks 
Further company coverage:  KEL.TO 

 ((Reuters.Briefs@thomsonreuters.com;))