Kelt Exploration Ltd. provided earnings guidance for the year 2017. For the year, the company expects to spend $145 million in 2017, which is up from $104.2 million it spent in 2016. This year, the company will spend $105 million on drilling and completions, compared to $47.4 million last year. Crews will drill 20 (17.8 net) wells in 2017, including nine (6.8 net) in Alberta and 11 net in British Columbia. In total, Kelt will complete 26 (23.8 net) wells this year, including 14 (11.8 net) in Alberta and 12 net in B.C. For 2017, the company forecasts revenue before royalties of $270 million, which would be up 46% from the $185.6 million in revenues that Kelt enjoyed in 2016. Management forecasts 2017 production at 23,000 boe per day, which is up 10% from last year. The company expects WTI crude prices of around $52 per bbl in 2017, representing a 20% increase from 2016.