Brief: Kelt Exploration Says Expects To Enter Into A Marketing Arrangement With Altagas

Kelt Exploration

05/07/2018 22:23

July 5 (Reuters) - Kelt Exploration Ltd  KEL.TO :
    * KELT REPORTS INGA INFRASTRUCTURE AGREEMENT, PROVIDES AN
OPERATIONS UPDATE AND EXPANDS ITS EXECUTIVE TEAM
    * KELT EXPLORATION LTD - KELT EXPECTS TO ENTER INTO A
MARKETING
ARRANGEMENT WITH ALTAGAS
    * KELT EXPLORATION LTD - EXPECTS Q2 2018 PRODUCTION TO BE IN
26,000 TO 26,500 BOE PER DAY RANGE
    * KELT EXPLORATION - ENTERED LOI WITH ALTAGAS FOR FIRM
PROCESSING
OF 75 MMCF/DAY OF RAW GAS UNDER 10 YEAR TAKE-OR-PAY ARRANGEMENT
AT TOWNSEND DEEP CUT GAS PLANT
    * KELT EXPLORATION LTD - DURING Q2 , THREE OF MAJOR GAS
PLANTS
USED BY KELT TO PROCESS ITS GAS WENT DOWN FOR PLANT TURNAROUND
OPERATIONS
    * KELT EXPLORATION LTD - KELT AVOIDED SELLING GAS INTO
"DEPRESSED"
WESTERN CANADA GAS MARKET
    * KELT EXPLORATION - LOI ENTERED INTO WITH ALTAGAS ALSO
STIPULATES
CONSTRUCTION OF A RAW GAS GATHERING PIPELINE FROM INGA TO
TOWNSEND
    * KELT EXPLORATION-EXPECTS TO ENTER MARKETING ARRANGEMENT
WITH
ALTAGAS WHEREBY ALL OF CO'S PROPANE DELIVERED TO NORTH PINE TO
GET FAR EAST INDEX PRICING

Source text for Eikon:  ID:nGNX7ZQ6kq 
Further company coverage:  KEL.TO 

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