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Bullboard - Stock Discussion Forum 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... see more

TSX:KEI - Post Discussion

Kolibri Global Energy Inc > Any thoughts on (seemingly disappointing) drill results?
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Post by Intransigent on Jan 05, 2024 12:11am

Any thoughts on (seemingly disappointing) drill results?

seems not great, but still a pretty impressive year at likely 2,900 boe/day average, us$52m revenue. 

what I'm not as clear on is the impact of "More fracture stimulation fluid...being recovered by [the three recent] wells than from...previous wells" and the reduced production from surrounding wells.

Obviously the fact that the chairman is still buying up shares /acting as a backstop is positive. Would be even better to see other insiders stumping up with decent sized purchases 

Comment by Carbonbull on Jan 06, 2024 3:06pm
Frac fluid in adjoining wells is normal with this design I would not read too much into it , especially with informed insiders continuing to buy , the pdp and eur revisions on reserve report should be quite good given welll performance , I suspect a private equity or amalgamation with larger player in the works.  the valuation in private market signifigantly higher then public market (hence ...more  
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