On May 13, Kelt Exploration Ltd. (TO: KEL.TO) detailed its financial results for the first-quarter 2014. The quarter ended March 31, the company said.
Total revenue for the quarter was CA$47.8 million, the company said. Revenue from operations was $26.1 million, and profit was $4.9 million, the company said.
The working capital surplus at the end of the quarter was $123.2 million, the company said.
During the quarter, seven gross oil and natural gas wells were drilled, and one service well was drilled, the company said. At Inga/Fireweed, British Columbia, ...