Kolibri Global Energy Inc BNKPF

1st quarter results

[BrokerG]

Well first quarter results are in. The good news is that with our hedges we turned a profit of $1 million. The bad news is that average production was only 753 boepd. Also, they are having difficulty in getting the 3 shut in wells back up to optimal production.

Also, the fracking of the new wells will now be done in the second quarter, instead of exact date, May, as mentioned in previous news release.

No mention of additional hedges beyond 2017.

[b2e2r2n2]

Although not a tremendous volume, the market seems to like results up 7%.

[xmaster]

if we could turn in 1 cent per quarter than it means pe right now is 5.5 and industry peg ratio is 2.43 I calculated it using PXE etf.  this means long term annual earning growth expectaion is 2.26% right now. pxe average pe is 27.74 and if we price it at that level then the price has to go to 1.08 based on current earnings but earning growth expectation for that is price is 11.4% per annum.

[BrokerG]

Hello xmaster Not sure if you could extrapolate current earnings since a portion of those earnings were based on past hedges, which will not be repeated into the future[ at those prices]. However, any profitability is good news in this enviroment. I wonder if they pushed back the fracking of the two wells, into June?. Quarterly report said second quarter

[BrokerG]

What ever happened to the share consolidation?

[BrokerG]

A little quiet these days. One week left in May to announce fracking results   I will take the leap and say they have delayed.  If BNK can produce profitably with $50.00 oil, I feel we should get a bump in share price over the next year. If they need $60 + oil then we are in serious trouble 

[xmaster]

Broker their cost per boe was $51.16 in first quarter. Here is how I calculated it: Total revenue from oil: 2,809,000 total profit in quarter: 1,381,000 total loss excluding hedges: 1,381,000 - 2,039,000 = 658,000 so they really had 681k loss in quarter.  this is 23.42% of total revenue. now they said that average price without hedges in quarter was $41.45 so I will multiply it by 1.2342 to

[BrokerG]

Hi xmastter According to their last quarter, BNK's average net back is $25.81 not including the hedges and $32.92 including the hedges. Since netbacks include all costs of production, except for capital expenditures, they can theoretically make money at $50.00 boepd. What we do not know is what their capital expenditures are for next year. HImmler, Harjay, wittman are you still with us?

[xmaster]

if i take out 25.81 from 51.16 I am left with 25.35 per boe for development this quarter. they sold 54906 boe for whole quarter.  this means they spent 1,391,871 on capital expenses this quarter.  i think at 50 bbl they can continue to spend on capex at same rate as this quarter. they have about 6 M in cash and prospect of the production that is shut down comes back on. the other

[wittmann]

Still here...watching the oil investing world whipsawing back and forth.Starting to get a bit ridiculous.Turning into a day traders dream.Oil swings back and forth a couple of $ in a few days.Investors hate uncertainty...and that's all we are getting.