Kelt Exploration Ltd. announced that it has reduced its production forecast for 2020 by approximately 12% to reflect the delayed start-up of new wells resulting from the deferral of capital expenditures. The company expects 2020 production to average between 34,000 and 36,000 BOE per day (previous forecast was 38,500 to 41,000 BOE per day). The revised 2020 production forecast would represent an increase of between 13% and 20% from average production of 29,961 BOE per day in 2019.