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Kolibri Global Energy Inc T.KEI

Alternate Symbol(s):  KGEI

Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. The Company, through various subsidiaries, owns and operates energy properties in the United States. The Company utilizes its technical and operational expertise to identify and acquire additional projects in oil, gas and clean and sustainable energy. The Company develops its Caney Shale oil acreage in the Tishomingo Field in the Ardmore Basin, Oklahoma, United States. It has working interests in approximately 17,169 net acres in Ardmore Basin. Its Tishomingo Field activities produce oil, gas and natural gas liquids. Its proved gross oil and gas reserves in the Tishomingo field are estimated at approximately 32.4 million barrels of oil equivalent (BOE), the proved plus probable gross reserves are estimated at approximately 54.1 million BOE and the proved plus probable plus possible gross reserves are estimated at approximately 79.4 million BOE.


TSX:KEI - Post by User

Post by Carbonbullon Jan 30, 2024 12:52pm
194 Views
Post# 35852944

my take on the news

my take on the news1) caney wells are fine and will clean up to be decent producers 
2) t zone thesis will require additional science to determine optimal drill/frac plan
3) the fairway for PUD optimiztion is valid and will result in accretive value.


Practically we will get a bump on reserve report for PDP value and a significant bump on PUD given the spacing of caney wells now established

T zone reserve will be in 2 or 3 P and will still be significant the oil is there.
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