Brief: Kelt Exploration posts qtrly adjusted FFO per share c$0.14

Kelt Exploration

09/08/2017 13:45

Aug 9 (Reuters) - Kelt Exploration Ltd  KEL.TO  
    * Kelt reports financial and operating results for the three 
and six months ended June 30, 2017 
    * Quarterly adjusted FFO per share c$0.14 
    * Quarterly revenue c$60.1 million 
    * Kelt Exploration Ltd - board of directors has agreed to 
increase 2017 capital expenditure budget by a net $10.0 million 
    * Kelt Exploration Ltd qtrly combined average daily 
production 20,684 boe/d versus 20,208 boe/d 
    * Kelt Exploration Ltd - total exploration and development 
capital expenditures planned for 2017 are $191.0 million versus 
previously $173.0 million 
    * Kelt Exploration Ltd qtrly production per million common 
shares 118 boe/d versus 116 boe/d 
    * Kelt Exploration Ltd - average production during Q2 of 
2017 was below original estimates as third party outages and 
downtime exceeded expectations 
 
Source text for Eikon:  ID:nMKWfNrWca  
Further company coverage:  KEL.TO  
 
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