Brief: Kelt Reports Q2 FFO Per Share C$0.25

Kelt Exploration

09/08/2018 13:36

Aug 9 (Reuters) - Kelt Exploration Ltd  KEL.TO :
    * KELT REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THREE
AND
SIX MONTHS ENDED JUNE 30, 2018
    * QUARTERLY ADJUSTED FFO PER SHARE C$0.25
    * QUARTERLY REVENUE C$98.7 MILLION
    * Q2 FFO PER SHARE C$0.25
    * AVERAGE PRODUCTION FOR THREE MONTHS ENDED JUNE 30, 2018
WAS
26,120 BOE PER DAY, UP 26%
    * PRODUCTION FOR THREE MONTHS ENDED JUNE 30, 2018 WAS
WEIGHTED 42%
OIL AND NGLS AND 58% GAS
    * REDUCED ITS 2018 AVERAGE PRODUCTION ESTIMATE TO A RANGE OF
28,000 TO 29,000 BOE PER DAY
    * WELL POSITIONED FINANCIALLY TO EXECUTE ITS CAPITAL PROGRAM
DURING REMAINDER OF 2018
    * EXPECTS TO EXIT 2018 WITH A NET DEBT/FUNDS FROM OPERATIONS
RATIO
OF 0.8 TIMES

Source text for Eikon:  ID:nGNX5sg20K 
Further company coverage:  KEL.TO 

 (Reuters.Briefs@thomsonreuters.com)