Brief: Kelt Reports Q1 FFO Per Share C$0.25

Kelt Exploration

09/05/2018 13:36

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

 (Reuters.Briefs@thomsonreuters.com)