Kelt Exploration Ltd.

Kelt’s aim is to achieve profitable growth by generating exploration and development plays that have multi-zone hydrocarbon potential. We take a balanced approach to capital spending, and day-to-day operations thrive on clear leadership, close teamwork and financial discipline with an overarching focus on health, safety and environment. The company’s capital program is funded through prudent use of debt, share equity offerings and internally generated cash flow from operations.

Recent News

  • Kelt Releases Inaugural ESG Report

    Calgary, Alberta--(Newsfile Corp. - January 7, 2021) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to announce the release of its inaugural ESG Report, dated January 7, 2021, as part of its ongoing commitment to health and safety, responsible and sustainable resource development, good governance practices and community engagement.The ESG Report highlights many of the Company's achievements, including: a 25% reduction in injury related incidents in 2019, compared to the previous year; a 25% reduction in...

    2021-01-07 8:30 AM ET
  • Kelt Reports Financial and Operating Results for the Three and Nine Months Ended September 30, 2020

    Calgary, Alberta--(Newsfile Corp. - November 10, 2020) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the three and nine months ended September 30, 2020. The Company's financial results are summarized as follows:FINANCIAL HIGHLIGHTSThree months ended September 30Nine months

    2020-11-10 8:30 AM ET
  • Kelt Announces Completion of the Sale of Its Inga Assets

    Calgary, Alberta--(Newsfile Corp. - August 21, 2020) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has completed its previously announced disposition of oil and gas assets in its Inga/Fireweed/Stoddart Division (the "Inga Assets"), located in British Columbia, to ConocoPhillips (the "Purchaser"). The effective date for closing adjustments relating to the disposition was July 1, 2020. Kelt received gross cash proceeds of $510.0 million, prior to closing adjustments. In addition, the Purchaser has assumed certain specific financial obligations related...

    2020-08-21 1:30 PM ET
  • Kelt Reports Financial and Operating Results for the Three and Six Months Ended June 30, 2020

    Calgary, Alberta--(Newsfile Corp. - August 6, 2020) - Kelt Exploration Ltd. ("Kelt" or the "Company") reports its financial and operating results to shareholders for the three and six months ended June 30, 2020. The Company's financial results are summarized as follows:FINANCIAL HIGHLIGHTSThree months ended June 30

    2020-08-06 7:00 AM ET
  • Kelt Enters into an Agreement to Sell Its Inga Assets

    Calgary, Alberta--(Newsfile Corp. - July 22, 2020) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has entered into an agreement to sell its Inga/Fireweed/Stoddart assets ("Inga Assets") in British Columbia that are held by its wholly owned subsidiary, Kelt Exploration (LNG) Ltd. ("Kelt LNG"), to ConocoPhillips (the "Purchaser"). Kelt will receive cash proceeds of $510.0 million, prior to closing adjustments, and the Purchaser will assume certain specific financial obligations related to the Inga Assets in the amount...

    2020-07-22 3:30 PM ET
  • Kelt Announces Extension of Credit Facility Re-Determination

    Calgary, Alberta--(Newsfile Corp. - July 14, 2020) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") announced today the extension of the revolving period applicable to the Company's existing $350 million revolving credit facility, to August 31, 2020. The credit facility continues to be available, on a revolving basis, until that date. In connection therewith and subject to the satisfaction of certain requirements by the Company, the date for the re-determination of the borrowing base has also...

    2020-07-14 4:30 PM ET
  • Kelt Announces Extension of Credit Facility Re-Determination

    Calgary, Alberta--(Newsfile Corp. - June 2, 2020) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") announced today the extension of the revolving period applicable to the Company's existing $350 million revolving credit facility, to July 15, 2020. The credit facility continues to be available, on a revolving basis, until that date. In connection therewith, the date for the re-determination of the borrowing base has also been extended to July 15, 2020. The extension of the borrowing...

    2020-06-02 4:30 PM ET
  • Kelt Reports Financial and Operating Results for the Three Months Ended March 31, 2020

    Calgary, Alberta--(Newsfile Corp. - May 7, 2020) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the first quarter ended March 31, 2020. In addition, Kelt is providing a corporate update in response to the current market conditions resulting from the COVID-19 pandemic. The Company's financial results are summarized as follows: ...

    2020-05-07 7:00 AM ET