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Kolibri Global Energy Inc. Announces Lovina Wells Drilled 25% Faster Than the Previous 1.5 Mile Lateral Wells
Kolibri Global Energy Inc. Announces Lovina Wells Drilled 25% Faster Than the Previous 1.5 Mile Lateral Wells

Business Wire

time07-05-2025

  • Business
  • Business Wire

Kolibri Global Energy Inc. Announces Lovina Wells Drilled 25% Faster Than the Previous 1.5 Mile Lateral Wells

THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the ' Company ' or ' Kolibri ') (TSX: KEI, NASDAQ: KGEI) is pleased to provide an operations update on its latest wells in its Tishomingo field in Oklahoma. LOVINA WELLS The Lovina 9-16-1H, Lovina 9-16-2H, Lovina 9-16-3H, and Lovina 9-16-4H wells have all been successfully drilled. Kolibri has a 100% working interest in the wells. These 1.5 mile lateral wells were drilled in an average of less than 10.5 days each. This compares to the 1.5 mile lateral Alicia Renee wells, which were drilled in an average of 14 days each. The completion operations for these wells are scheduled to begin in the last week of May, with production anticipated to begin in early July. FORGUSON WELL After completing the drilling of the Lovina wells, the drilling rig was mobilized to the Forguson 17-20-3H well location, which is currently being drilled. Kolibri is operator and has a 46% working interest in this well, which is testing the economics of our 3,000 acres that is located on the eastern side of our acreage. The Forguson well is scheduled to be fracture stimulated after the Lovina wells have been completed. Wolf Regener, President and CEO, commented, 'We are extremely pleased with the excellent job our team has done drilling these longer lateral Caney wells. The further 25 percent reduction of drilling days between the Alicia Renee wells and the Lovina wells is significant. We had budgeted almost 15 days for each of these wells, and having them come in at an average of less than 10.5 days and under budget is fantastic. 'The east side acreage, where the Forguson well is located and Kolibri has approximately 3,000 net acres, is not included in the December 31, 2024 reserve report. The Caney target for the Forguson well has very similar characteristics and thickness as in the main part of the field in Kolibri's proved acreage, except that it is shallower. If the Forguson well proves to be economic, in addition to adding cash flow, it could lead to many additional development locations for the Company. 'We are looking forward to the additional production and cash flow from all of these wells, which we expect will significantly increase the Company's cash flow and add incremental value to our shareholders.' About Kolibri Global Energy Inc. Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects in oil and gas. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI. Caution Regarding Forward-Looking Information Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws and 'forward-looking statements' within the meaning of United States securities laws (collectively, 'forward looking information'), including statements regarding the timing of and expected results from planned wells development, wells performing as anticipated, including anticipated increases in production, cash flow, higher rates of return and efficiencies, statements regarding the estimated average cost for the facilities, statements regarding drilling and completing the Forguson 3H, Lovina 1H, Lovina 2H, Lovina 3H and Lovina 4H wells and statements regarding additional development locations for the Company. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator's operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the gathering system issues will be resolved, that the Company will continue to be able to access sufficient capital through cash flow, debt, financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business, its ability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment, labor or materials are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator's operations have unexpected adverse effects on the Company's operations, that completion techniques require further optimization, that production rates do not match the Company's assumptions, that very low or no production rates are achieved, that the gathering system operator doesn't get the issues resolved, that the price of oil will decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company's business as set forth in the Company's management discussion and analysis and its annual information form, both of which are available for viewing under the Company's profile at any of which could result in delays, cessation in planned work or loss of one or more leases and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law. Caution Regarding Future-Oriented Financial Information and Financial Outlook This news release may contain information deemed to be 'future-oriented financial information' or a 'financial outlook' (collectively, 'FOFI') within the meaning of applicable securities laws. The FOFI has been prepared by management to provide an outlook of the Company's activities and results and may not be appropriate for other purposes. The FOFI has been prepared based on a number of assumptions including the assumptions discussed above under 'Caution Regarding Forward-Looking Information'. The actual results of operations of the Company and the resulting financial results may vary from the amounts set forth herein, and such variations may be material. The Company and management believe that the FOFI has been prepared on a reasonable basis, reflecting management's best estimates and judgments. FOFI contained in this news release was made as of the date of this news release and the Company disclaims any intention or obligations to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law.

Why Kolibri Global Energy (KGEI) Is Up the Most So Far in 2025
Why Kolibri Global Energy (KGEI) Is Up the Most So Far in 2025

Yahoo

time26-04-2025

  • Business
  • Yahoo

Why Kolibri Global Energy (KGEI) Is Up the Most So Far in 2025

We recently published a list of . In this article, we are going to take a look at where Kolibri Global Energy Inc. (NASDAQ:KGEI) stands against other energy stocks that are up the most so far in 2025. The energy sector has been volatile, and macro trends have led to fears of recession. The S&P 500 energy sector gained almost 9% from January till late March, but it has been dragged down by the broader market correction. Brent futures have hit lows and sent many energy stocks into a tailspin. Yet, there are still some energy stocks that have defied the odds and have delivered solid gains. Midstream companies have been exceptionally resilient, and renewables have also been a bright spot in the energy sector. Even during bear markets there are pockets of the market that perform exceptionally well. For instance, tech stocks have been in a bear market, but I recently identified in another article. For this article, I screened the best-performing energy stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Aerial view of a natural gas production facility with travelling pipelines extending from it. Number of Hedge Fund Holders In Q4 2024: 3 Kolibri Global Energy Inc. (NASDAQ:KGEI) is a North American energy company focused on oil and gas exploration and production, primarily operating the Caney Shale oil wells in the Tishomingo field, Oklahoma. The main reason for the stock's notable run-up in 2025 has been the company's ambitious operational and financial guidance for the year. In January, Kolibri (NASDAQ:KGEI) projected average production growth of 38-40% to 4,500-5,100 barrels of oil equivalent per day, with revenue expected to reach $75-89 million, up 32-44% from 2024. Adjusted EBITDA is forecasted to rise by 35-48% to $58-71 million. It was driven by an aggressive drilling program, including nine new wells and expanded lateral drilling. The company's strategy to test new acreage in the Caney Formation, in partnership with a large integrated oil company, has also excited investors due to the potential for unlocking additional reserves at lower costs. The consensus price target of $11 implies 59% upside. KGEI stock is up 29.89% year-to-date. Overall, KGEI ranks 4th on our list of energy stocks that are up the most so far in 2025. While we acknowledge the potential of KGEI, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than KGEI but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio

Kolibri Global Energy Inc. Announces 2025 AGM Results
Kolibri Global Energy Inc. Announces 2025 AGM Results

Yahoo

time22-04-2025

  • Business
  • Yahoo

Kolibri Global Energy Inc. Announces 2025 AGM Results

THOUSAND OAKS, Calif., April 22, 2025--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the "Company" or "Kolibri") (TSX: KEI, NASDAQ: KGEI) is pleased to announce the results of the Annual General Meeting of shareholders of the Company held in Marina del Rey, California on April 22, 2025. All of the resolutions put forward at the meeting were approved. The Company's shareholders voted to fix the number of directors of the Company at five and elected the following five nominees to the board of directors. Each of the nominees will serve for a one-year term and hold office until the next annual meeting of shareholders, unless he or she sooner ceases to hold office. The following table sets forth the votes submitted by proxy with respect to the election of directors: Director Nominee Votes For % For Votes Withheld % Withheld Wolf Regener 13,058,913 97.70% 308,096 2.30% Douglas C. Urch 12,924,137 96.69% 442,872 3.31% Leslie O'Connor 12,908,976 96.57% 458,033 3.43% David Neuhauser 13,270,166 99.28% 96,843 0.72% Evan S. Templeton 12,768,549 95.52% 598,460 4.48% The shareholders appointed BDO USA, P.C. as the auditor of the Company. The shareholders also approved (i) the Company's amended Restricted Share Unit Plan and the unallocated entitlements thereunder with 96.65% of the votes in favour; and (ii) an amendment to the Company's Stock Option Plan with 96.75% of the votes in favour. Additional details will be provided in a Report of Voting Results to be filed on SEDAR. About Kolibri Global Energy Inc. Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects in oil and gas. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI. View source version on Contacts For further information, contact: Wolf E. Regener +1 (805) 484-3613Email: wregener@ Website: Sign in to access your portfolio

Kolibri Global Energy Inc. Announces 2025 AGM Results
Kolibri Global Energy Inc. Announces 2025 AGM Results

Business Wire

time22-04-2025

  • Business
  • Business Wire

Kolibri Global Energy Inc. Announces 2025 AGM Results

THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the " Company" or " Kolibri") (TSX: KEI, NASDAQ: KGEI) is pleased to announce the results of the Annual General Meeting of shareholders of the Company held in Marina del Rey, California on April 22, 2025. All of the resolutions put forward at the meeting were approved. The Company's shareholders voted to fix the number of directors of the Company at five and elected the following five nominees to the board of directors. Each of the nominees will serve for a one-year term and hold office until the next annual meeting of shareholders, unless he or she sooner ceases to hold office. The following table sets forth the votes submitted by proxy with respect to the election of directors: The shareholders appointed BDO USA, P.C. as the auditor of the Company. The shareholders also approved (i) the Company's amended Restricted Share Unit Plan and the unallocated entitlements thereunder with 96.65% of the votes in favour; and (ii) an amendment to the Company's Stock Option Plan with 96.75% of the votes in favour. Additional details will be provided in a Report of Voting Results to be filed on SEDAR. About Kolibri Global Energy Inc. Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects in oil and gas. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI.

Kolibri Global Energy Inc. Provides Corporate Update
Kolibri Global Energy Inc. Provides Corporate Update

Globe and Mail

time15-04-2025

  • Business
  • Globe and Mail

Kolibri Global Energy Inc. Provides Corporate Update

Kolibri Global Energy Inc. (the ' Company ' or ' Kolibri ') (TSX: KEI, NASDAQ: KGEI) is pleased to provide a corporate update on upcoming events. First Quarter Earnings Release and Earnings Call The Company expects to release financial and operating results for the first quarter of 2025 before the market opens on May 14, 2025. In connection with the earnings release, management will host a conference call for investors and analysts on May 14, 2025, at 9:00 a.m. Pacific time to discuss the Company's results and to host a Q&A session. Interested parties are invited to participate by calling: Dial-In: 1-877-317-6789 International Dial-In: 1-412-317-6789 When calling, please request to be joined into the Kolibri Global Energy Inc. call. Webinar Wolf Regener, CEO, and Gary Johnson, CFO, will be participating in a Renmark virtual webinar on April 16, 2025 at 9 a.m. Pacific time. Registration is available for this event at Corporate Presentation The Company has also updated its corporate presentation that can be found on its website. About Kolibri Global Energy Inc. Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects in oil and gas. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI.

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