Kelt Exploration (TSE:KEL) has released an update.
Kelt Exploration Ltd. has announced a dip in their financial performance for the fourth quarter and full year of 2023, with petroleum and natural gas sales falling by 19% and net income decreasing by 46% compared to the previous year. Despite these challenges, the company has successfully eliminated its bank debt and increased total assets by 12%. The results reflect a tough year for the company amid fluctuating market conditions.
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