Kelt Exploration Ltd. reported unaudited operating results for the full year ended December 31, 2016. For the year, the company's average production for the for 2016 was 20,947 BOE per day, up 13% from average production of 18,577 BOE per day in 2015. Production per million shares was 121 BOE per day, up from 120 BOE per day in 2015. Production for 2016 was weighted 37% oil and NGLs and 63% gas.

Estimated capital expenditures in 2016 were $98.3 million (unaudited), down 80% from $497.3 million in 2015.