Annonce • Feb 16
Kelt Exploration Ltd., Annual General Meeting, Apr 22, 2026 Kelt Exploration Ltd., Annual General Meeting, Apr 22, 2026. Annonce • Jan 06
Kelt Exploration Ltd. Provides Earnings and Production Guidance for the Year 2025 and 2026 Kelt Exploration Ltd. provided earnings and production guidance for the year 2025 and 2026. For 2025, the Company expects production of oil and natural gas liquids of between 14,600 and 15,400 barrels per day, natural gas production of between 152,400 MMcf per day and 153,600 MMcf per day, and combined production of approximately 40,000 to 41,000 barrels of oil equivalent per day. Petroleum and natural gas sales are budgeted at approximately $536.1 million for the year.
For 2026, the Company expects production of oil and natural gas liquids of between 19,100 and 20,100 barrels per day, natural gas of and 185,400 MMcf per day to 191,400 MMcf per day, combined production of 50,000 barrels of oil equivalent per day to 52,000 barrels of oil equivalent per day. P&NG sales are budgeted at approximately $682.0 million for the year. Annonce • Nov 13
Kelt Exploration Ltd. to Report Fiscal Year 2025 Results on Mar 12, 2026 Kelt Exploration Ltd. announced that they will report fiscal year 2025 results Pre-Market on Mar 12, 2026 Annonce • Aug 25
Kelt Exploration Ltd. Provides Update on Start-Up Expectations for the Newly Constructed Albright Gas Plant Kelt Exploration Ltd. provided an Update on Start-Up Expectations for the Newly Constructed Albright Gas Plant ("Albright") Near the Company's Lands At Wembley/Pipestone, Alberta. Albright Is Owned and Operated by A Third-Party Mid-Stream Company, Csv Midstream Solutions Corp. ("Csv"). Csv Is an Alberta Based Company Headquartered in Calgary with Assets Located in the Grande Prairie and Grande Cache Areas of Northern Alberta. Csv Had Originally Planned to Bring Albright On-Stream in the Fourth Quarter of 2024. After Certain Issues During Construction Including Logistic Related Delays, Csv Commenced Commissioning (Flaring, Testing and Safety) Operations in June 2025, with Expectations of Full-Scale Operations to Commence in July 2025. Csv Has Informed Kelt That the Upstream Portion of the Gas Plant Is Fully Commissioned and Ready for Start-Up. However, Testing of the Sulphur Recovery Plant Required to Process Sour Gas Has Had Several Starts and Stops. A Major Piece of Equipment (Four-Way Valve) Has Not Performed Its Intended Function During the Test, Even Though It Had Initially Worked. Csv Is Currently Conducting A Root Cause Analysis ("Rca") to Identify Reasons Why the Failure Occurred. As a Result, Csv Is No Longer Able to Provide the Company with an Estimated Start Date for Albright. Annonce • Aug 08
Kelt Exploration Ltd. to Report Q3, 2025 Results on Nov 13, 2025 Kelt Exploration Ltd. announced that they will report Q3, 2025 results on Nov 13, 2025 Annonce • May 08
Kelt Exploration Ltd. to Report Q2, 2025 Results on Aug 07, 2025 Kelt Exploration Ltd. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025 Annonce • Mar 13
Kelt Exploration Ltd. to Report Q1, 2025 Results on May 08, 2025 Kelt Exploration Ltd. announced that they will report Q1, 2025 results Pre-Market on May 08, 2025 Annonce • Feb 17
Kelt Exploration Ltd., Annual General Meeting, Apr 23, 2025 Kelt Exploration Ltd., Annual General Meeting, Apr 23, 2025. Annonce • Jan 15
Kelt Exploration Ltd. to Report Fiscal Year 2024 Results on Mar 13, 2025 Kelt Exploration Ltd. announced that they will report fiscal year 2024 results Pre-Market on Mar 13, 2025 Annonce • Jan 07
Kelt Exploration Ltd. Provides Production Guidance for the First Quarter and Full Year 2025 Kelt Exploration Ltd. provided production guidance for the first quarter and full year 2025. Production in 2025 is expected to average between 44,000 and 48,000 BOE per day, up 40% from average production forecasted for 2024. The product mix for 2025 average production is expected to be 37% oil and NGLs and 63% gas. Production during the first quarter of 2025 is expected to average between 37,500 and 39,500 BOE per day, ramping up significantly in the second quarter with the start-up of the CSV Albright Gas Plant in the Company's Wembley/Pipestone Division where Kelt currently has shut-in production from wells already drilled and completed. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: CA$0.05 (vs CA$0.10 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.05 (down from CA$0.10 in 3Q 2023). Revenue: CA$95.0m (down 6.4% from 3Q 2023). Net income: CA$8.87m (down 56% from 3Q 2023). Profit margin: 9.3% (down from 20% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 46% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Sep 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.8% to €4.00. The fair value is estimated to be €5.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 3.7%. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CA$0.06 (vs CA$0.13 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.06 (down from CA$0.13 in 2Q 2023). Revenue: CA$91.8m (down 11% from 2Q 2023). Net income: CA$10.9m (down 58% from 2Q 2023). Profit margin: 12% (down from 25% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 38% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Annonce • Aug 08
Kelt Exploration Ltd. to Report Q3, 2024 Results on Nov 07, 2024 Kelt Exploration Ltd. announced that they will report Q3, 2024 results Pre-Market on Nov 07, 2024 Annonce • May 11
Kelt Exploration Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Kelt Exploration Ltd. announced that they will report Q2, 2024 results Pre-Market on Aug 08, 2024 Annonce • May 10
Kelt Exploration Ltd. Provides Production Guidance for the Year 2024 Kelt Exploration Ltd. provided production guidance for the year 2024. For the year, the company expects Oil & NGLs production to be between 14,000 bbls/d to 15,500 bbls/d. Gas production to be between 132,000 Mcf/d to 141,000 Mcf/d. Combined production to be between 36,000 BOE/d to 39,000 BOE/d. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: CA$0.06 (vs CA$0.085 in 1Q 2023) First quarter 2024 results: EPS: CA$0.06 (down from CA$0.085 in 1Q 2023). Revenue: CA$111.3m (down 8.2% from 1Q 2023). Net income: CA$11.8m (down 28% from 1Q 2023). Profit margin: 11% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 37% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: CA$0.45 (vs CA$0.83 in FY 2022) Full year 2023 results: EPS: CA$0.45 (down from CA$0.83 in FY 2022). Revenue: CA$436.4m (down 20% from FY 2022). Net income: CA$86.0m (down 46% from FY 2022). Profit margin: 20% (down from 29% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annonce • Mar 09
Kelt Exploration Ltd. to Report Q1, 2024 Results on May 09, 2024 Kelt Exploration Ltd. announced that they will report Q1, 2024 results Pre-Market on May 09, 2024 Annonce • Feb 06
Kelt Exploration Ltd., Annual General Meeting, Apr 17, 2024 Kelt Exploration Ltd., Annual General Meeting, Apr 17, 2024, at 15:00 US Mountain Standard Time. Buy Or Sell Opportunity • Jan 24
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to €3.70. The fair value is estimated to be €3.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Annonce • Nov 11
Kelt Exploration Ltd. Provides Production Guidance for the Full Year 2023 and 2024 Kelt Exploration Ltd. provided production guidance for the full year 2023 and 2024. For the full year 2023, the company expected Oil & NGLs of 11,910 to 12,660 bbls/d, Gas production of 111,540 to 114,540 MMcf/d and total production of 30,500 to 31,750 BOE/d. For the full year 2024, the company expected Oil & NGLs of 14,250 to 15,750 bbls/d, Gas production of 130,500 to 139,500 MMcf/d and total production of 36,000 to 39,000 BOE/d. Annonce • Nov 10
Kelt Exploration Ltd. to Report Fiscal Year 2023 Results on Mar 08, 2024 Kelt Exploration Ltd. announced that they will report fiscal year 2023 results Pre-Market on Mar 08, 2024 Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: CA$0.10 (vs CA$0.12 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.10 (down from CA$0.12 in 3Q 2022). Revenue: CA$101.5m (down 20% from 3Q 2022). Net income: CA$20.1m (down 13% from 3Q 2022). Profit margin: 20% (up from 18% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth. Annonce • Sep 09
Kelt Exploration Ltd. Provides Update on New Gas Processing Capacity Kelt Exploration Ltd. provided an update on new gas processing capacity acquired through various firm service arrangements that are expected to provide the Company with the ability to double its current production capability over the next three years. This increase in production capability will come while the Company maintains its oil/gas production mix at similar levels to its current production mix. The Company is also providing an update on upcoming plant maintenance that is expected to result in temporary production curtailments in the near term. In its Wembley/Pipestone Division, Kelt expects to increase firm service raw gas processing capacity from 37 MMcf per day to 109 MMcf per day over the next 18 months. The Company has entered into gas processing arrangements with certain midstream companies that are building a new gas processing plant and expanding an existing gas processing plant in the area. The additional 22 MMcf per day of firm service processing capacity that was anticipated by Kelt to become available in the first quarter of 2024, could become available in late December 2023. As the Company prepares to add production upon start-up of the incremental gas processing, Kelt has drilled nine Montney wells at Wembley/Pipestone of which seven have now been completed and the remaining two wells are expected to be completed in October 2023. The Company expects to flow these wells back and use its current gas processing capacity to produce these oilier wells while at the same time shut-in older gassier wells as it awaits the start-up of new incremental processing capacity. Kelt will have access, through ownership interests and firm service arrangements, to five different gas processing plants in the Wembley/Pipestone area, providing the Company with operating flexibility and the ability to significantly grow its production base in the future. In its Pouce Coupe/Progress/Spirit River Division, Kelt currently has access to approximately 72 MMcf per day of raw gas processing capacity through a plant ownership interest and third-party facility firm service arrangements. Kelt expects to increase its overall raw gas processing capacity in the area to 107 MMcf per day over the next two years with incremental firm service arrangements, giving the Company access to five different gas plants in the area. The Company expects to start-up four new Charlie Lake wells in the area during the fourth quarter of 2023. Two wells (100% WI) are in the Company's new area at Pouce Coupe North and the other two wells (50% WI) are at Progress. In its Oak/Flatrock Division, Kelt has the ability to increase firm service raw gas processing capacity from 25 MMcf per day to 90 MMcf per day over the next 30 months through gas processing arrangements with a third-party. Kelt expects to put on production five new Montney wells in October 2023 and expects to have an active drilling program in the area in 2024. Annonce • Sep 08
Kelt Exploration Ltd. Announces Board Changes Kelt Exploration Ltd. announced that it has appointed Jennifer Haskey as a director of the Company effective September 7, 2023. Ms. Haskey has an extensive engineering background in the Energy Industry, including energy acquisition and divestment advisory services at BMO Capital Markets and business development and commercial analysis experience at Talisman Energy Inc./Repsol Oil &Gas Canada. Ms. Haskey is expected to be appointed as a member of the Reserves Committee and Audit Committee of the Board. The Company also announces that Geri Greenall is retiring from the Kelt Board effective September 7, 2023. Ms. Greenall has been a director of Kelt since December 14, 2017. Recent Insider Transactions • Aug 16
Lead Director recently sold €370k worth of stock On the 10th of August, Geraldine Greenall sold around 79k shares on-market at roughly €4.67 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €274k more than they sold in the last 12 months. Annonce • Aug 04
Kelt Exploration Ltd. to Report Q3, 2023 Results on Nov 09, 2023 Kelt Exploration Ltd. announced that they will report Q3, 2023 results Pre-Market on Nov 09, 2023 Reported Earnings • May 07
First quarter 2023 earnings released: EPS: CA$0.09 (vs CA$0.057 in 1Q 2022) First quarter 2023 results: EPS: CA$0.09 (up from CA$0.057 in 1Q 2022). Revenue: CA$121.3m (down 1.9% from 1Q 2022). Net income: CA$16.3m (up 52% from 1Q 2022). Profit margin: 14% (up from 8.7% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Annonce • May 05
Kelt Exploration Ltd. to Report Q2, 2023 Results on Aug 03, 2023 Kelt Exploration Ltd. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 03, 2023 Recent Insider Transactions • Apr 02
Key Executive recently bought €249k worth of stock On the 30th of March, David Wilson bought around 82k shares on-market at roughly €3.05 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of €2.3m worth in shares. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: CA$0.83 (vs CA$0.60 in FY 2021) Full year 2022 results: EPS: CA$0.83 (up from CA$0.60 in FY 2021). Revenue: CA$547.8m (up 89% from FY 2021). Net income: CA$158.8m (up 39% from FY 2021). Profit margin: 29% (down from 40% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jan 14
Key Executive recently bought €184k worth of stock On the 11th of January, David Wilson bought around 57k shares on-market at roughly €3.22 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of €4.9m worth in shares. Recent Insider Transactions • Dec 15
Key Executive recently bought €155k worth of stock On the 9th of December, David Wilson bought around 45k shares on-market at roughly €3.45 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of €4.8m worth in shares. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: CA$0.12 (vs CA$0.02 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.12 (up from CA$0.02 in 3Q 2021). Revenue: CA$126.6m (up 87% from 3Q 2021). Net income: CA$23.1m (up CA$19.3m from 3Q 2021). Profit margin: 18% (up from 5.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: CA$0.12 (vs CA$0.02 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.12 (up from CA$0.02 in 3Q 2021). Revenue: CA$126.6m (up 87% from 3Q 2021). Net income: CA$23.1m (up CA$19.3m from 3Q 2021). Profit margin: 18% (up from 5.5% in 3Q 2021). Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 4.5% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Annonce • Nov 11
Kelt Exploration Ltd. to Report Fiscal Year 2022 Results on Mar 03, 2023 Kelt Exploration Ltd. announced that they will report fiscal year 2022 results at 9:30 AM, US Eastern Standard Time on Mar 03, 2023 Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 17% share price gain to €4.44, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 120% over the past three years. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: CA$0.37 (vs CA$0.29 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.37 (up from CA$0.29 in 2Q 2021). Revenue: CA$160.8m (up 189% from 2Q 2021). Net income: CA$70.7m (up 29% from 2Q 2021). Profit margin: 44% (down from 98% in 2Q 2021). Over the next year, revenue is forecast to grow 51%, compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 17% share price gain to €5.15, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 101% over the past three years. Recent Insider Transactions • Jun 29
Key Executive recently bought €1.7m worth of stock On the 20th of June, David Wilson bought around 366k shares on-market at roughly €4.63 per share. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of €4.6m worth in shares. Recent Insider Transactions • Jun 11
Insider recently sold €576k worth of stock On the 6th of June, Alan Franks sold around 100k shares on-market at roughly €5.76 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €1.1m more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 16% share price gain to €6.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 146% over the past three years. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: CA$0.06 (vs CA$0.015 in 1Q 2021) First quarter 2022 results: EPS: CA$0.06 (up from CA$0.015 in 1Q 2021). Revenue: CA$123.6m (up 124% from 1Q 2021). Net income: CA$10.7m (up 276% from 1Q 2021). Profit margin: 8.7% (up from 5.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 75%, compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 27
Insider recently sold €256k worth of stock On the 18th of April, Alan Franks sold around 48k shares on-market at roughly €5.37 per share. In the last 3 months, they made an even bigger sale worth €501k. Despite this recent sale, insiders have collectively bought €1.7m more than they sold in the last 12 months. Recent Insider Transactions • Apr 15
Independent Chairman of the Board recently sold €106k worth of stock On the 13th of April, William Guinan sold around 20k shares on-market at roughly €5.29 per share. In the last 3 months, they made an even bigger sale worth €359k. William has been a seller over the last 12 months, reducing personal holdings by €465k. Recent Insider Transactions • Apr 02
Independent Chairman of the Board recently sold €359k worth of stock On the 29th of March, William Guinan sold around 73k shares on-market at roughly €4.92 per share. This was the largest sale by an insider in the last 3 months. This was William's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improved over the past week After last week's 17% share price gain to €4.32, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.10 per share. Recent Insider Transactions • Mar 19
Key Executive recently bought €2.9m worth of stock On the 15th of March, David Wilson bought around 775k shares on-market at roughly €3.76 per share. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of €4.6m worth in shares. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CA$0.61 (up from CA$1.73 loss in FY 2020). Revenue: CA$289.3m (up 47% from FY 2020). Net income: CA$114.3m (up CA$439.1m from FY 2020). Profit margin: 40% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 16%. Over the next year, revenue is forecast to grow 47%, compared to a 61% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 17% share price gain to €3.84, the stock trades at a trailing P/E ratio of 12.2x. Average forward P/E is 8x in the Oil and Gas industry in Germany. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €2.84, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 8.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.59 per share. Recent Insider Transactions • Nov 14
Director recently bought €71k worth of stock On the 12th of November, Janet Vellutini bought around 20k shares on-market at roughly €3.57 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.7m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS CA$0.02 (vs CA$0.13 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$67.8m (up 45% from 3Q 2020). Net income: CA$3.75m (up CA$27.8m from 3Q 2020). Profit margin: 5.5% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 20% share price gain to €3.14, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 20% share price gain to €3.14, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CA$1.87, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total loss to shareholders of 69% over the past three years. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS CA$0.29 (vs CA$1.35 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$55.6m (up 29% from 2Q 2020). Net income: CA$54.7m (up CA$307.3m from 2Q 2020). Profit margin: 98% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Executive Departure • Jul 02
Independent Lead Director Robert Dales has left the company On the 1st of July, Robert Dales' tenure as Independent Lead Director ended. As of March 2021, Robert still personally held 1.79m shares (€3.2m worth at the time). Robert is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 8.67 years. Annonce • May 27
Kelt Exploration Ltd. Provides Revenue Guidance for the Year 2021; Provides Production Guidance for the Year 2021 Kelt Exploration Ltd. provided revenue and production guidance for the year 2021. For the period, the company expects revenue to be $256.4 million.
For the period, the company expects production to average 21,000 BOE per day, up 11% from its previous forecast of 19,000 BOE per day. Reported Earnings • May 07
First quarter 2021 earnings released: EPS CA$0.02 (vs CA$0.40 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CA$55.3m (down 19% from 1Q 2020). Net income: CA$2.85m (up CA$76.9m from 1Q 2020). Profit margin: 5.2% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Apr 24
Key Executive recently bought €794k worth of stock On the 20th of April, David Wilson bought around 501k shares on-market at roughly €1.58 per share. In the last 3 months, they made an even bigger purchase worth €850k. David has been a buyer over the last 12 months, purchasing a net total of €6.5m worth in shares. Recent Insider Transactions • Mar 27
Key Executive recently bought €850k worth of stock On the 24th of March, David Wilson bought around 470k shares on-market at roughly €1.81 per share. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of €5.7m worth in shares. Reported Earnings • Mar 13
Full year 2020 earnings released: CA$1.73 loss per share (vs CA$0.036 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CA$196.8m (down 48% from FY 2019). Net loss: CA$324.8m (down CA$331.4m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations Revenue exceeded analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 9.2%, compared to a 35% growth forecast for the Oil and Gas industry in Germany. Annonce • Mar 12
Kelt Exploration Ltd. to Report Q1, 2021 Results on May 06, 2021 Kelt Exploration Ltd. announced that they will report Q1, 2021 results Pre-Market on May 06, 2021 Is New 90 Day High Low • Feb 23
New 90-day high: €1.61 The company is up 26% from its price of €1.28 on 24 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.92 per share. Annonce • Feb 09
Kelt Exploration Ltd., Annual General Meeting, Apr 21, 2021 Kelt Exploration Ltd., Annual General Meeting, Apr 21, 2021. Is New 90 Day High Low • Feb 07
New 90-day high: €1.43 The company is up 51% from its price of €0.95 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 34% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: €1.37 The company is up 59% from its price of €0.86 on 08 October 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.049 per share. Is New 90 Day High Low • Dec 15
New 90-day high: €1.30 The company is up 45% from its price of €0.90 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.30 per share. Is New 90 Day High Low • Nov 24
New 90-day high: €1.16 The company is up 10.0% from its price of €1.05 on 25 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.24 per share. Annonce • Nov 11
Kelt Exploration Ltd. Announces Executive Changes Kelt Exploration Ltd. announced appointment of Louise K. Lee as Corporate Secretary of the company, effective November 9, 2020. Ms. Lee is a partner at the law firm of Borden Ladner Gervais LLP. Ms. Lee has extensive experience advising clients on public financings, mergers and acquisitions. She also assists clients to ensure compliance with corporate and securities regulatory requirements. William C. Guinan, company's previous Corporate Secretary, will continue to serve as a Director and as Chairman of the Board of Directors. In addition, effective November 9, 2020, Douglas J. Errico has been appointed as Senior Vice President, Land and Corporate Development. Mr. Errico has been Vice President, Land of the company since October 22, 2012. Reported Earnings • Nov 11
Third quarter 2020 earnings released: CA$0.13 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: CA$46.9m (down 47% from 3Q 2019). Net loss: CA$24.1m (loss widened CA$21.2m from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 120% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 01
New 90-day low: €0.88 The company is down 8.0% from its price of €0.96 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 56% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Annonce • Aug 07
Kelt Exploration Ltd. to Report Q3, 2020 Results on Nov 10, 2020 Kelt Exploration Ltd. announced that they will report Q3, 2020 results at 9:00 AM, Eastern Standard Time on Nov 10, 2020