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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 > 1st quarter results
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Comment by xmasteron Jun 02, 2017 6:53pm
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Post# 26319268

RE:RE:RE:RE:RE:RE:RE:RE:1st quarter results

RE:RE:RE:RE:RE:RE:RE:RE:1st quarter resultsif 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 fact is that oil price is about 10 higher then last quarter which gives them 0.5 million more.  that reduces their loss from this quarter of 658k to 158k next quarter without hedges.
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