Kolibri Global Energy Inc BNKPF

Something to appreciate

[auburn2]

P 16 of the Sept presentation cites 44% yearly decline rates. That's very high for wells coming in at only 400 boe/d, but somewhat better when you appreciate that 80% of that 400 boe/d is oil. Still they need higher oil prices,, and at +$75 WTI the leverage is very good. Until then they simply need to show the market that they are solvent so that the stock effectively represents unexpiring leveraged call on the price of oil.

Well costs must be very high else I would expect them to clearly disclose approx what they are. For calculations $8 mm should be a good guideline. You could get a more accurate figure by working with the numbers in the presentation, but based on some quick calcs using those figures, $8 mm seems about right, and squares with previously disclosed well costs.