A director at Kelt Exploration Ltd bought 656,900 shares at 6.050CAD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...
The general evaluation of KELT EXPLORATION (CA), a company active in the Exploration & Production industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date October 19, 2021, the closin...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Calgary, Alberta--(Newsfile Corp. - August 5, 2021) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the three and six months ended June 30, 2021. The Company's financial results are summarized as follows:FINANCIAL HIGHLIGHTSThree months ended June 30Six months ended June 30 (CA$ thousands, except as otherwise indicated)20212020%20212020% Petroleum and natural gas sales60,64445,45433120,479116,3724Cash provided by operating activities34,52914,42913961,11164,601-5 Adjusted funds from operations (1)29,45211,71215156,9033...
Calgary, Alberta--(Newsfile Corp. - June 30, 2021) - The Board of Directors (the "Board") of Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to announce that it has appointed Janet E. Vellutini as a director of the Company effective July 1, 2021. Ms. Vellutini is a professional engineer and has extensive experience in gas marketing and most recently was a Marketing Consultant at a Calgary-based private energy company. She has over 30 years of experience in gas marketing and a total of 36 years in the oil and gas industry. Ms. Vellutini is expected to be appointed as a me...
Calgary, Alberta--(Newsfile Corp. - May 24, 2021) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is providing updated guidance for 2021.During 2020, revenue generated by sales of oil and gas were adversely affected by the precipitous decline in oil and gas prices as a result of the unprecedented destruction in demand for the commodities due to global lockdowns and business interruptions. Several pharmaceutical companies have now developed vaccines as a measure to prevent or reduce COVID infections. As the global economy recovers, the demand for oil and gas has also commenced a r...
Calgary, Alberta--(Newsfile Corp. - May 6, 2021) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the first quarter ended March 31, 2021. The Company's financial results are summarized as follows:FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise indicated)20212020% Petroleum and natural gas sales59,83570,918-16 Cash provided by operating activities26,58250,172-47 Adjusted funds from operations (1)27,45127,360- Basic ($/ common share) (1)0.150.15- Diluted ($/ commo...
Calgary, Alberta--(Newsfile Corp. - April 22, 2021) - 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 21, 2021 have been fully authorized and approved. A total of 102,518,826 common shares, representing 54.36% 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 the outcome of the votes is set forth below.Fixing Number of DirectorsThe ordinary resolution to approve fixing...
Calgary, Alberta--(Newsfile Corp. - March 11, 2021) - 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, 2020. The Company's financial results are summarized as follows:FINANCIAL HIGHLIGHTS Three months ended December 31 Year ended December 31 (CA$ thousands, except as otherwise indicated) 2020 2019 % 2020 2019 % Petroleum and natural gas sales41,96197,763-57207,156394,356-47 Cash provided by operating activities3,28835,396-9159,279162,488-64 Adjusted funds from operations (1)10,7...
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 reporting procedures of the independent qualified reserves evaluator. Reserves as at December 31, 2020 a...
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 carbon emissions by switching the fuel source for drilling and fra...
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 ended September 30(CA$ thousands, except as otherwise indicated)20202019%20202019%Petroleum and natural gas sales48,82393,274-48165,195296,593-44Cash provided by (used in) operating activities(8,610)14,640-15955,991127,092-56Adjusted funds from o...
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 $510.0 million, prior to closing adjustments. In addition, the Purchaser has assumed certain specific financial obligations related to the Inga Assets in the amo...
Calgary, Alberta--(Newsfile Corp. - August 6, 2020) - Kelt Exploration Ltd. ("Kelt" or the "Company") reports its financial and operating results to shareholders for the three and six months ended June 30, 2020. The Company's financial results are summarized as follows:FINANCIAL HIGHLIGHTSThree months ended June 30Six months ended June 30(CA$ thousands, except as otherwise indicated)20202019%20202019%Petroleum and natural gas sales45,454100,734-55116,373203,319-43Cash provided by operating activities14,42958,639-7564,601112,452-43Adjusted funds from operations (1)11,71245,234-7439,07296,693-6...
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 of approximately $41.0 million.All of the Company's remaining B...
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 been extended to August 31, 2020. Kelt is an oil and gas company based in Calgary, Alber...
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 $350 million revolving credit facility, to July 15, 2020. The credit facility continues to be available, on a revolving basis, until that date. In connection therewith, the date for the re-determination of the borrowing base has also been extended to July 15, 2020. The extension of the borrowing base re-determination to July 15, 2020 provides the Company with additional time to assess current ...
Calgary, Alberta--(Newsfile Corp. - May 7, 2020) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the first quarter ended March 31, 2020. In addition, Kelt is providing a corporate update in response to the current market conditions resulting from the COVID-19 pandemic. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thou...
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 the outcome of the votes is set forth below.Fixing Number of DirectorsBy vote by way of a show of hands, an ordi...
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 ("COVID-19") and the restrictions on mass gatherings implemented by the Government of Alberta, shareholders an...
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