Brief: Kelt Exploration posts Q3 adjusted FFO per share C$0.13

Kelt Exploration

09/11/2017 14:00

Nov 9 (Reuters) - Kelt Exploration Ltd  KEL.TO  
    * 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:  ID:nCCN2JKVba  
Further company coverage:  KEL.TO  
 
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