FOR: KELT EXPLORATION LTD.
TSX Symbol: KEL
Date issue: December 14, 2017
Time in: 9:00 AM e
CALGARY, AB –(Marketwired – December 14, 2017) – The Board of Directors (the
“Board”) of Kelt Exploration Ltd. (“Kelt” or the “Company”) (TSX: KEL) is
pleased to announce that it has appointed Geri Greenall as a director of the
Company effective December 14, 2017. Ms. Greenall is currently Executive Vice
President, Portfolio Manager and Chief Operating Officer of Kyklopes Capital
Management Ltd. She has over 14 years of experience either as a Portfolio
Manager or Research Analyst in the oil and gas industry. Ms. Greenall is
expected to be appointed as a member of the Audit Committee and the Nominating
Committee of the Board.
Kelt is also pleased to announce that it expects to make a further addition to
its Board following the expected retirement of Eldon A. McIntyre, as a
director, on or about April 18, 2018. Mr. McIntyre has served as a director of
the Company since its inception and is a member of the Audit, Reserves,
Compensation and Nominating Committees of the Board. Kelt would like to thank
Mr. McIntyre for his leadership and service over the years and wishes him the
best during his upcoming expected retirement from the Board.
At the Company’s next Annual General Meeting of Shareholders, expected to be
held on or around April 18, 2018, Kelt plans to nominate Michael R. Shea for
election to the Board. Mr. Shea began his career in the oil and gas industry
in 1980, has held various senior executive positions and was Vice President,
Land for Celtic Exploration Ltd. (“Celtic”) for 10 years prior to the sale of
Celtic in February 2013. Mr. Shea is expected to become a member of the
Company’s Reserves Committee and Compensation Committee.
ADVISORY REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any
of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”,
“ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends”,
“potentially” and similar expressions are intended to identify forward-looking
information or statements. In particular, this press release contains
forward-looking statements pertaining to the following: the expected
retirement Eldon A. McIntyre as a director, the date of Kelt’s April 18, 2018
Annual General Meeting of Shareholders, the planned nomination and anticipated
election of Michael R. Shea as a director of the Company and the expected
Board committee appointments for Kelt’s new directors.
Although Kelt believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Kelt cannot give any
assurance that they will prove to be correct. Since forward-looking statements
address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results could differ materially from
those currently anticipated due to a number of factors and risks.
In addition, the reader is cautioned that historical results are not
necessarily indicative of future performance. The forward-looking statements
contained herein are made as of the date hereof and the Company does not
intend, and does not assume any obligation, to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise unless expressly required by applicable securities laws.
– END RELEASE – 14/12/2017
For further information:
For further information, please contact:
KELT EXPLORATION LTD.
Suite 300, 311 âÃ‡Ã´ 6th Avenue SW
Calgary, Alberta, Canada T2P 3H2
DAVID J. WILSON
President and Chief Executive Officer
SADIQ H. LALANI
Vice President and Chief Financial Officer
Or visit our website at www.keltexploration.com
FOR: KELT EXPLORATION LTD.
TSX Symbol: KEL
INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20171214CC008
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