Kelt Provides Results of Its Oil & Gas Reserves Evaluation Effective December 31, 2020
Calgary, Alberta--(Newsfile Corp. - February 25, 2021) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to report on its oil & gas reserves and production for the year ended December 31, 2020. Kelt retained Sproule Associates Limited ("Sproule"), an independent qualified reserve evaluator to prepare a report on its oil and gas reserves.The report is effective as of December 31, 2020. The Company has a Reserves Committee which oversees the selection, qualifications and...
2021-02-25 8:30 AM EST
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...
2021-01-07 8:30 AM EST
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 EST
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,...
2020-08-21 2:30 PM EDT
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 8:00 AM EDT
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...
2020-07-22 4:30 PM EDT
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...
2020-07-14 5:30 PM EDT
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...
2020-06-02 5:30 PM EDT
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 8:00 AM EDT
Kelt Announces Results of Shareholders' Meeting and Provides Corporate Update
Calgary, Alberta--(Newsfile Corp. - April 23, 2020) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to announce that all matters presented for approval at the Annual Meeting of Shareholders held on April 22, 2020 have been fully authorized and approved. A total of 114,994,030 common shares, representing 61.23% of the common shares issued and outstanding, were represented in person or by proxy at the meeting. A brief description of the matters voted upon and...
2020-04-23 5:30 PM EDT
Kelt Provides Update Regarding Its Annual Shareholders Meeting and Provides an Operations Update Including Cost-Cutting Measures
Calgary, Alberta--(Newsfile Corp. - April 9, 2020) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") announced today that its upcoming Annual Meeting of Shareholders ("Shareholders Meeting") will now be held at the Company's head office at Suite 300, 311 Sixth Avenue SW, Calgary, Alberta. The Shareholders Meeting date will continue to be on Wednesday, April 22, 2020 at 3:00 PM Mountain Daylight Time. Due to the unprecedented public health impact of the coronavirus disease...
2020-04-09 8:00 AM EDT
Kelt Reduces 2020 Capital Expenditure Program by 36%
Calgary, Alberta--(Newsfile Corp. - March 17, 2020) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") announces that it's board of directors has approved a reduction in capital expenditures for 2020. The Company has reduced its capital expenditure budget by $80.0 million or 36% to $145.0 million (previously $225.0 million).The energy industry continues to experience high volatility with lower crude oil prices driven by fears of a retraction in global economic growth and increases...
2020-03-17 6:00 PM EDT
Kelt Reports Financial and Operating Results for the Quarter and Year Ended December 31, 2019
Calgary, Alberta--(Newsfile Corp. - March 9, 2020) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has released its financial and operating results for the fourth quarter and year ended December 31, 2019. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS ...
2020-03-09 8:00 AM EDT
Kelt Reports Significant Increases in Oil & Gas Reserves and Net Asset Value per Share as at December 31, 2019
Calgary, Alberta--(Newsfile Corp. - February 20, 2020) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to report on its oil & gas reserves and production for the year ended December 31, 2019.The audit of Kelt's 2019 annual consolidated financial statements has not been completed and accordingly all financial amounts relating to 2019 referred to in this press release are unaudited and represent management's estimates. Readers are advised that these financial estimates...
2020-02-20 8:00 AM EST
IIROC Trade Resumption - Kelt Exploration Ltd.
Toronto, Ontario--(Newsfile Corp. - January 18, 2017) - Trading resumes in: Company: Kelt Exploration Ltd.
2017-01-18 1:23 PM EST
IIROC Trade Halt - Kelt Exploration Ltd.
Toronto, Ontario--(Newsfile Corp. - January 18, 2017) - The following issues have been halted by IIROC: Company:
2017-01-18 1:15 PM EST
IIROC Trade Resumption - Kelt Exploration Ltd.
Toronto, Ontario--(Newsfile Corp. - April 11, 2016) - Trading resumes in: Company: Kelt Exploration Ltd.
2016-04-11 8:21 AM EDT
IIROC Trade Halt - Kelt Exploration Ltd.
Toronto, Ontario--(Newsfile Corp. - April 11, 2016) - The following issues have been halted by IIROC: Company:
2016-04-11 8:19 AM EDT
IIROC Trade Resumption - Kelt Exploration Ltd.
Toronto, Ontario--(Newsfile Corp. - June 17, 2014) - Trading resumes in: Company: Kelt Exploration Ltd.
2014-06-17 8:22 AM EDT
IIROC Trade Halt - Kelt Exploration Ltd.
Toronto, Ontario--(Newsfile Corp. - June 16, 2014) - The following issues have been halted by IIROC: Company:
2014-06-16 4:04 PM EDT