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Kolibri Global Energy Inc T.KEI

Alternate Symbol(s):  KGEI

Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. The Company, through various subsidiaries, owns and operates energy properties in the United States. The Company utilizes its technical and operational expertise to identify and acquire additional projects in oil, gas and clean and sustainable energy. The Company develops its Caney Shale oil acreage in the Tishomingo Field in the Ardmore Basin, Oklahoma, United States. It has working interests in approximately 17,169 net acres in Ardmore Basin. Its Tishomingo Field activities produce oil, gas and natural gas liquids. Its proved gross oil and gas reserves in the Tishomingo field are estimated at approximately 32.4 million barrels of oil equivalent (BOE), the proved plus probable gross reserves are estimated at approximately 54.1 million BOE and the proved plus probable plus possible gross reserves are estimated at approximately 79.4 million BOE.


TSX:KEI - Post by User

Comment by Carbonbullon Jul 07, 2023 7:49am
134 Views
Post# 35530464

RE:Thoughts on results?

RE:Thoughts on results?solid results , perhaps a little below my expectations but certainly above the type curve,Still a bit of time to come before we will understand the ip 30. 

take aways 1) six well spacing is economic expect this to be utilized across the caney.
                    2) t zone well economic opensup potential for very large gain in proven reserves
                    3)  expect on the back of these results and oil holding above 70 afalldrilling program 
                          for 3 more wells
                    4)  should lead to exit production north of 5000/ 6000 BOED a 50 % increase
                    5)   continuesto be very undervalued on a proven reserve basis andfairly valued on a cash
                          flow basis
                     6)  makes it an attractive acquisition at 8 to 10 a share from a strong balance sheet. 
                   
  
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