Kolibri Global Energy Inc BNKPF

RE:RE:RE:RE:RE:News out (financials)

[whitehorn1]

Agree, that said, would not add to my position till perhaps Dec 2016 instead of Dec 2015. The oil downturn is more to just tax loss selling but a brutal market sentiment which is unlikely to change till at least 2nd half of 2016. I agree totally, survival is the key for BKX in this oil environment. I have always been a holder of BKX because of their Poland properties, but this could be sidelined for years or abandoned all together. The financing required to get production from Poland, would either sink BKX or have massive share dilution at present prices, hence better places to put ones money when oil is at 40 dollars, as they need funding from present oil money from their existing coffers. The USA Caney properties are the bread and butter to their operations, and may be for the next few years.