For 2019e, we have updated our estimates to reflect the revised project timing and production adds from Kelt’s corporate presentation for February 2019. Formally annual guidance remains unchanged at this juncture, however, with the company’s first 6x well pad at Inga coming on stream in 2Q19e, we have reduced our 1H19e production estimates to ~30,500 boe/d (down from ~32,500 boe/d prior) while leaving our 2H19e outlook effectively unchanged.
07 Feb 2019
Forecast update
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Forecast update
Kelt Exploration Ltd. (KEL:TSE) | 0 0 -0.4% | Mkt Cap: 1,279m
- Published:
07 Feb 2019 -
Author:
Robert Fitzmartyn -
Pages:
5
For 2019e, we have updated our estimates to reflect the revised project timing and production adds from Kelt’s corporate presentation for February 2019. Formally annual guidance remains unchanged at this juncture, however, with the company’s first 6x well pad at Inga coming on stream in 2Q19e, we have reduced our 1H19e production estimates to ~30,500 boe/d (down from ~32,500 boe/d prior) while leaving our 2H19e outlook effectively unchanged.