Recent Insider Transactions • Jun 03
Key Executive recently bought CA$906k worth of stock On the 29th of May, David Wilson bought around 100k shares on-market at roughly CA$9.06 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • May 21
Vice President of Exploration exercised options and sold CA$485k worth of stock On the 15th of May, Patrick W. Miles exercised 107k options at a strike price of around CA$4.56 and sold these shares for an average price of CA$9.10 per share. This trade did not impact their existing holding. Since December 2025, Patrick W. has owned 911.86k shares directly. Company insiders have collectively sold CA$3.6m more than they bought, via options and on-market transactions in the last 12 months. KEL
Live News • May 10
Kelt Exploration Ups Oil Drilling With Record Q1 Output and Raises 2026 Production Target Kelt Exploration reported record average production of 48,098 BOE per day for Q1 2026, above its earlier guidance.
The company increased its 2026 capital expenditure program from $355 million to $375 million, with more spending directed to drilling and completing wells, particularly oil wells.
Management now forecasts 2026 average production between 50,000 and 52,000 BOE per day and expects adjusted funds from operations to be 7% higher than previous estimates.
For you as an investor, the key takeaway is that Kelt is leaning into higher oil prices by allocating more capital to oil-weighted drilling and completions. Record Q1 output and a higher full-year production range suggest the company is planning to run its asset base harder, with a greater focus on oil and NGLs within its production mix.
The increase in forecast adjusted funds from operations, alongside the larger capital budget, signals a willingness to reinvest more cash flow back into the business. When you assess this update, you may want to compare the step-up in spending with any changes in corporate priorities such as balance sheet strength, potential returns of capital, or growth objectives, and consider how a more oil-weighted profile fits with your view on commodity exposure and risk. 
