Business
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" ...
About this update from Kelt Exploration Ltd.
[{"type":"text","content":"Kelt Reports Financial and Operating Results for the Quarter and Year Ended December 31, 2019Calgary, 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   Three months ended December 31     Year ended December 31   (CA$ thousands, except as otherwise indicated)   2019     2018     %     2019     2018     %                       Petroleum and natural gas sales   97,763     100,350     -3     394,356     389,277     1   Cash provided by operating activities   35,396     63,656     -44     162,488     186,383     -13   Adjusted funds from operations (1)   46,655     47,140     -1     182,521     186,839     -2      Basic ($/ common share) (1)   0.25     0.26     -4     0.99     1.02     -3      Diluted ($/ common share) (1)   0.25     0.26     -4     0.99     1.01     -2                                         Profit (loss) and comprehensive income (loss)   (2,628 )   2,843     -192     6,572     8,154     -19      Basic ($/ common share)   (0.01 )   0.02     -150     0.04     0.04     -      Diluted ($/ common share)   (0.01 )   0.02     -150     0.04     0.04     -                                         Total capital expenditures, net of dispositions   63,983     70,332     -9     315,624     2...