Kolibri Global Energy Inc BNKPF

Stock price

[BrokerG]

I think I need someone a lot more intelligent than I am to explain this to me:

Last year at this time, BNK stock price was hitting a 52 week high of .69 cents. Oil at that time was hovering around $65-70 a barrel. 

Since that time BNK has increased its proved and provable reserves, is currently profitable, and has increased its daily production to approx 1600 boepd. They have announced a strategic review, with the possibility of a sale, have partnered with XTO[ Exxon affiliate], and have brought along the Brock well. They have not issued any shares or increased mgt options.

Yet, our share price is hitting 52 week lows of .25 cents. 

What I am missing? Is it their debt capacity? Is it the delay in announcinng the Anderson well results? What does everyone think?

I have no idea.

Broker G

[rajm]

Hey Broker, Good question. This stock has burnt a lot of people so generally all of us who have been around know we are still involved with "hope" that there will be more value ascribed to the company assets than at the value it has traded over the past 12 months. Those of us who have been around practically since day 1 and didn't bail at the right time will never see their $$ back

[BrokerG]

Thanks rajm. Quick question: What do you mean by new buyer? Why end of July/August?