1Q18 production of 26,978 boe/d (44% liquids) compared to GMPFE estimate of 26,167 boe/d. This represented an 8% increase QoQ. The company has made considerable strides in increasing its liquids weighting to 44% in 1Q18, up from 37% in 4Q16. CFPS (f.d.) in the quarter of $0.25/shr was slightly above our estimate of $0.23/shr. Higher realized liquids pricing drove improved operating netbacks in 1Q18 of $20.47/boe, up 23% YoY. At quarter-end, Kelt had net debt of $248mm (incl. its $75mm convert
09 May 2018
Strong quarter, 2018 budget expansion
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Strong quarter, 2018 budget expansion
Kelt Exploration Ltd. (KEL:TSE) | 0 0 -0.4% | Mkt Cap: 1,279m
- Published:
09 May 2018 -
Author:
Stacey E. McDonald -
Pages:
7
1Q18 production of 26,978 boe/d (44% liquids) compared to GMPFE estimate of 26,167 boe/d. This represented an 8% increase QoQ. The company has made considerable strides in increasing its liquids weighting to 44% in 1Q18, up from 37% in 4Q16. CFPS (f.d.) in the quarter of $0.25/shr was slightly above our estimate of $0.23/shr. Higher realized liquids pricing drove improved operating netbacks in 1Q18 of $20.47/boe, up 23% YoY. At quarter-end, Kelt had net debt of $248mm (incl. its $75mm convert