Kolibri Global Energy Inc T.KEI

three new extended laterals announced

[Carbonbull]

The mile and a half laterals now being drilled should result in give or take 700 BOED with heavy weight towards oil lets say at least 600 BOE
The potential to exceed this number is high as the team has spent a lot of time studying recent results.
I understand that unlike the wells earlier this year that these wells aer being drilled in a proved category .

So all that adds up to a potential addition to exit production of lets say conservatively 2000 BOE , which is a lot of FCF given the high netbacks in the order of 20 to 25 million over next year (depending on assumptions)  

That means share buy backs in fourth quarter as this company is deeply undervalued and SB best use of capital.

As always just my opinion , please do not consider this investment advice do your own DD and find a broker who understand small cap oil.

[ninetiesgolfer]

Why do you think this company is so undervalued market carbonbull.?

[Carbonbull]

Ticker - NASDAQ KGEI Ticker - TSX KEI  Share Price (2) US$3.50 C$4.77 Shares Outstanding (MM) (1) 35.625 mm U.S. Market Capitalization (1) (2) ~U.S. $125 mm Market Capitalization (C$MM) (1) (2) ~C $170 mm Net Debt (3) ~U.S. $29.9 mm U.S. Enterprise Value (EV) (1) (2) ~U.S. $155 mm Debt / Adj EBITDA 1/31/24 0.79x EV / Proved BOE (4) ~U.S. $4.78   Company Information