Kelt Exploration Ltd. provided production guidance for the year 2023. Production in 2023 is forecasted to average between 32,000 and 34,000 BOE per day. Built into this forecast is certain third-party facility downtime expected during 2023 that Kelt has been made aware of.

Average oil and NGLs production guidance of between 11,700 to 12,900 bbls per day remains unchanged from the Company's previous guidance. Average natural gas production is expected to average between 121.8 and 126.6 MMcf per day in 2023, a reduction of 6.0 MMcf per day (or 1,000 BOE per day) compared to the Company's previous guidance.