Kelt Exploration Ltd.
KELTF
Other OTC7.43
USD
-0.11
- -
CIK
0001574455
ISIN
CA4882951060
CUSIP
488295106
Return %
Stock
S&P500
1Y
53.51
18.65
3Y
40.19
71.44
5Y
156.21
70.60
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- David John Wilson
- Full Time Employees
- 86
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 311 Sixth Avenue S.W. Calgary AB Canada T2P 3H2
- IPO Date
- Mar 7, 2013
- CIK
- 0001574455
- Website
- keltexploration.com
- Similar Companies
- Business
- Kelt Exploration Ltd. is a Calgary-based oil and gas company focused on the exploration, development, and production of crude oil, natural gas liquids, and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. The company operates across three key divisions—Pipestone/Wembley, Spirit River/Pouce Coupe/Progress, and Oak/Flatrock—targeting multi-zone hydrocarbon potential through asset acquisitions and full-cycle exploration programs; its production mix emphasizes gas, with crude oil and NGLs marketed mainly to third-party processors and purchasers. Founded in 2012 and headquartered at 311 6th Avenue SW, Suite 300, East Tower, Calgary, Alberta, Kelt maintains approximately 80 employees and pursues profitable growth via balanced capital allocation funded by debt, equity, and internal cash flows, with a strong emphasis on health, safety, and environmental stewardship. In recent developments, Kelt approved a $328.0 million capital expenditure program for 2025, allocating $209.0 million to drilling 30.5 net wells and completing 33.5 net wells, alongside $97.0 million for equipping, facilities, and pipelines, with active drilling planned in all divisions including 15 Montney wells and two Charlie Lake wells at Wembley/Pipestone. The company achieved a record quarterly production average of 40,015 BOE per day for the three months ended March 31, 2025, and reported financial results for the nine months ended September 30, 2025, while advancing infrastructure such as expanding gas processing capacity to 124 MMcf per day at Wembley/Pipestone via the new Albright Gas Plant (online June 2025) and Pipestone expansion (end-2025). Additional 2025 operational highlights include completing a 286-square-kilometer 3-D seismic survey at Oak/Flatrock, drilling a four-well pad at 5-32 (two onstream December 2025, two deferred to 2026), and preparing Montney wells at Pouce Coupe for production tied to third-party gas plant start-ups.
Company News
Kelt Exploration Targets 26% Growth, Signals Potential Asset Divestitures
Kelt Exploration Ltd. (KEL:CA) Shareholder/Analyst Call Prepared Remarks Transcript
Kelt Exploration (OTCMKTS:KELTF) Trading Up 3.7% – Should You Buy?
Kelt Provides Update on Start-Up of Third-Party Gas Plant at Wembley
Kelt Exploration: May Begin To Attract Attention
Kelt Exploration: Taking On Debt During Uncertain Times
The Kelt Exploration Growth Story Continues
Kelt Exploration: Steady Progress Growing While Many Acquire
Kelt Reports Financial and Operating Results for the Quarter and Year Ended December 31, 2023
Kelt Exploration Changes Strategy
Small-Cap Energy Producers Ranked By Quality
Kelt Exploration: Montney Growth Monster