The Company, Kelt Exploration stock, is passively moving without any progress. On Tuesday, July 6, the stock has been at Can$3.4700 in the highest point. Furthermore, the stock slowly collapsed to Can$3.2500 on July 7; later, it dropped by 4%. July 8, it recovered to Can$3.3400, and now it ordinarily moves without any movement up, today’s worth at Can$3.3100.Janet E. Vellutini has been appointed as a director of Kelt Exploration Ltd. (TSX: KEL) by the Board of Directors of Kelt Exploration Ltd. (TSX: KEL). Ms. Vellutini is a professional engineer with considerable expertise in gas marketing. She has worked in the oil and gas business for over 36 years and has over 30 years of expertise in gas marketing. Ms. Vellutini is anticipated to join the Compensation Committee, Audit Committee, and Reserves Committee of the Board of Directors.
Kelt also announced that Robert J. Dales, a director, will step down on July 1, 2021. Mr. Dales has been a director of the Company since its establishment. Kelt is a publicly listed oil and gas exploration and development business with a long-term focus on shareholder value generation. Kelt has approximately 360,000 acres of Montney rights and over 70,000 acres of Charlie Lake rights; thus, it has a sizable development drilling inventory on its properties.