Kolibri Global Energy Inc BNKPF

RE:RE:Glenn 16-2h well initial results are in!

[rajm]

BNK current credit facility with BOK Financial was increased to $30 million in December, 2017 and any additional amounts will depend on reserve calculations as these are provided so BNK may get a boost on their current $30 million credit - that remains to be seen.

Senior debt, if obtained, could also influence the willingness of BOK to increase its position as these dollars will reduce working capital concerns and continually improve the secured position of the primary lender - so, my bet is that it will be a negotiated position im which BOK will increase their credit and the senior debt will seek a combination of interest and warrants. Just a guess.

rajm