Kelt Exploration Ltd. has expanded its capital expenditure budget to $497 million for 2015, up $40 million from $457 million. Excluding the corporate acquisition that was completed on April 16, 2015, forecasted capital expenditures have been increased by 23% from $150.0 million to $185.0 million. The increased spending is expected to result in the drilling of 18 gross (15.7 net) wells during the year, with the large increase in the Inga/Fireweed area in British Columbia.

The company has increased its forecasted spending on facilities, equipment and pipelines by 27% from $30.0 million to $38.0 million. As a result of these expenditures, Kelt expects to have its oil and liquids production from all of its core producing areas pipeline connected by the first quarter of 2016.