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.

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Kolibri Global Energy Inc > Expensive Wells

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Comment by BrokerGon Sep 14, 2017 10:02am

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Post# 26694797

RE:Expensive Wells

Auburn,

Ok let's take a look at the numbers. At 400 bbl/d at $45.00 per barrel we get $6.5 million per year. The cost to build the well is approx. $1.0 to $1.5 million[ guess]. The netbacks they receive, not including their hedges, was $22-23 per barrel, as per the last news release. Does netbacks include cost to build well? I do not know. Therefore, this well, should generate a net profit of $3.0 million the first year including the cost to build.

Hopefully we have an oil and gas expert on this board that can clarify my numbers.

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