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Kolibri Global Energy Inc BNKPF

Energy
Kolibri Global Energy Inc, formerly BNK Petroleum Inc is an exploration company. It is focused on the acquisition, exploration, and production of oil and gas reserves. The company owns and operates shale oil and gas properties in the United States. Its segments include the United States, Canada and Other.


GREY:BNKPF - Post by User

Kolibri Global Energy Inc
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Comment by whitehorn1on Aug 16, 2015 11:53pm
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Post# 24023491

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Wolf Regener (CEO) Interview - July 7, 2015

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Wolf Regener (CEO) Interview - July 7, 2015BrokerG, only thing I need more clarification is the quarterly loss based on the oil contracts. As I am impressed with their hedging as were able to get more hedges in around 61 dollars (2nd quarter) before oil tanked (in the news release in June-Julyish). I wonder if majority of these hedges are for the 3rd and 4th quarter this year as will be able to hedge allot of that production beyond 60 dollars. Hence, it seems most of the oil was sold at market price for 1st and 2nd quarter. In the second quarter of 2015, the Company generated a net loss of $3.7 million compared to net income of $199k in the second quarter of 2014. The 2015 net loss included unrealized losses on commodity contracts of $3.1 million as the Company had to mark its commodity contracts to market as oil prices increased throughout the second quarter before falling down to their current levels subsequent to quarter-end.
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