Kelt Exploration Ltd. (T:KEL*CA)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: Suite 300
East Tower, 311 Sixth Avenue S.W.
CALGARY AB T2P 3H2
Tel: N/A
Website: https://keltexploration.com
IR: See website
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Key People
William C. Guinan
Independent Chairman of the Board
Louise K. Lee
Corporate Secretary
David John Wilson
President, Chief Executive Officer, Non-Independent Director
Sadiq H. Lalani
Chief Financial Officer, Vice President
Douglas J. Errico
Senior Vice President - Land and Corporate Development
David Gillis
Vice President - Finance
Douglas O. Macarthur
Vice President - Operations
Alan G. Franks
Vice President - Production
Bruce D. Gigg
Vice President - Engineering
Patrick W. G. Miles
Vice President - Exploration
   
Business Overview
Kelt Exploration Ltd. is an oil and gas company, focused on the exploration, development and production of crude oil and natural gas resources in Western Canada. The Company primarily operates in northwestern Alberta and northeastern British Columbia. The Company's assets are comprised of three operating divisions: Wembley/Pipestone in Alberta; Pouce Coupe/Progress/Spirit River in Alberta, and Oak/Flatrock in British Columbia. Its British Columbia assets are operated by Kelt Exploration (LNG) Ltd., a wholly owned subsidiary of the Company.
Financial Overview
For the fiscal year ended 31 December 2023, Kelt Exploration Ltd revenues decreased 20% to C$436.4M. Net income decreased 46% to C$86M. Revenues reflect Gas production segment decrease of 51% to C$123M, Oil Equivalent Production/D-Oak/Flatrock decrease of 4% to 4K barrels per day. Net income also reflects Average Production Costs per unit, Total increase of less than 1% to C$13.31 per barrel.
Employees: 76 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $1,164M as of Dec 31, 2023
Annual revenue (TTM): $436.41M as of Dec 31, 2023
EBITDA (TTM): $249.08M as of Dec 31, 2023
Net annual income (TTM): $85.97M as of Dec 31, 2023
Free cash flow (TTM): $0.53M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 194,588,481 as of Feb 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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