Kolibri Global Energy Inc BNKPF

New well

[BrokerG]

According to their last news report, we should have started drilling Brock 9-2H by now. Has anyone heard of a delay?

The last quarterly report did NOT inspire any buyers. WHY? because it was already priced in. The market requires something [drilling, takover rumour, new asset purchases] to provide hope and drive future cash flow. Unfortunetaly, we are not seeing enough of this at BNK at this time. Putting it bluntly, there is not much too get excited about.

The main obstacle is MONEY. They do not have any. They desparately need that new Preferred issue to finance a sizable drilling operation. Until they receive it, I don't see much price movement.They hired Macquarie back in January to get this done. What is going on? I sincerely hope the financing was not shelved because of the disasterous results at WLC-14-1H [ yes rajm, WLC 14-H was a disaster]. 145 Boepd is a joke in that field. Most homeowners can get more oil drilling in their back yard than that well produced. 

C'mon BNK give us something positive.