Celtic Exploration Ltd. has been informed by SemCAMS ULC (SemCAMS), the operator of the Kaybob K3 Gas Plant (K3), that due to certain mechanical issues, K3 was shut down and has remained offline for nine days. After conducting internal inspection work, SemCAMS informed the Company that the plant is expected to re-start on October 28, 2011. Celtic recently brought on-stream new production from its Montney project at Fir, Alberta that is tied-in to K3. As a result, the Company's production from Kaybob and Fir that is processed at K3 is approximately 5,500 BOE (78% gas) per day.

Impact on Guidance

Celtic expects to release its third quarter results on November 10, 2011. The impact to the Company's 2011 Guidance as a result of the aforementioned production downtime resulting from the foregoing plant outage will be discussed on November 10, 2011, at which time the Company expects to have more definite timelines for actual downtime.

Tags: Celtic Exploration Ltd