Nov 9 (Reuters) - Kelt Exploration Ltd KEL.TO :
* KELT REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2018
* Q3 ADJUSTED FFO PER SHARE C$0.25
* Q3 REVENUE C$100.2 MILLION
* Q3 FFO PER SHARE C$0.25
* QTRLY AVERAGE PRODUCTION WAS 26,204 BOE PER DAY, UP 16%
* REALIZED AVERAGE OIL PRICE DURING Q3 OF 2018 WAS $80.62 PER BARREL, UP 51%
* REDUCED ITS ANNUAL 2018 AVERAGE PRODUCTION ESTIMATE TO BE WITHIN A RANGE OF 27,000 TO 28,000 BOE PER DAY
* QTRLY PETROLEUM AND NATURAL GAS REVENUE, BEFORE ROYALTIES C$100.2 MILLION VERSUS C$56.4 MILLION
* SEES FY CAPITAL EXPENDITURES, NET OF DISPOSITIONS $287.0 MILLION
* SEES FY FFO $1.04
PER SHARE
* PREPARED ITS 2019 FINANCIAL GUIDANCE BASED ON A CAPITAL EXPENDITURE BUDGET OF $270.0 MILLION
* ESTIMATED AVERAGE PRODUCTION OF 33,500 TO 34,500 BOE PER DAY IN 2019
* PRODUCTION MIX IS EXPECTED TO BE WEIGHTED 47% TO OIL & NGLS AND 53% TO GAS IN 2019
* ESTIMATED FUNDS FROM OPERATIONS OF $240.0 MILLION, OR $1.23 PER SHARE, IN 2019
* 2018 CAPITAL EXPENDITURE PROGRAM INCLUDES ABOUT $60.0 MILLION OF DRILLING AND COMPLETION EXPENDITURES FOR WELLS