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Kolibri Global Energy Inc (KGEI) delivers oil, gas, and sustainable energy solutions across North America. This page provides investors with direct access to official press releases and verified news updates covering operational milestones, financial disclosures, and strategic initiatives.
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Kolibri Global Energy Inc. (NASDAQ: KGEI) held its Annual General Meeting on April 22, 2025, in Marina del Rey, California, where shareholders approved all proposed resolutions.
The meeting resulted in the election of five directors to serve one-year terms: Wolf Regener (97.70% approval), Douglas C. Urch (96.69%), Leslie O'Connor (96.57%), David Neuhauser (99.28%), and Evan S. Templeton (95.52%).
Shareholders also appointed BDO USA, P.C. as the company's auditor and approved the amended Restricted Share Unit Plan (96.65% in favor) and an amendment to the Stock Option Plan (96.75% in favor).
Kolibri Global Energy (TSX: KEI, NASDAQ: KGEI) has announced key upcoming corporate events. The company will release its first quarter 2025 financial and operating results before market opening on May 14, 2025, followed by a management-hosted conference call at 9:00 a.m. Pacific time.
Additionally, CEO Wolf Regener and CFO Gary Johnson will participate in a Renmark virtual webinar on April 16, 2025 at 9 a.m. Pacific time. The company has also updated its corporate presentation, which is now available on their website.
Kolibri Global Energy (KGEI) reported strong financial results for 2024, with net revenues reaching $58.5 million, up 16% from 2023. The company achieved a significant 24% increase in production to 3,478 BOEPD, though partially offset by a 7% decrease in average prices.
Key financial metrics include Adjusted EBITDA of $44.0 million (up 13%) and net income of $18.1 million ($0.51 per basic share). Total Proved Reserves increased by 24% to 40.2 million barrels of oil equivalent, with an NPV10 of $534.7 million.
Capital expenditures decreased 41% to $31.3 million, while maintaining efficiency. The company's net debt stood at $28.9 million with $16.5 million available in credit facility. For 2025, KGEI forecasts production growth of 29-47% to 4,500-5,100 BOEPD, with projected revenue of $75-89 million and adjusted EBITDA of $58-71 million.
Kolibri Global Energy (KEI) reported significant growth in its December 31, 2024 reserves evaluation. The company's Proved Reserves increased 24% to 40.2 million barrels of oil equivalent (BOEs), while Proved Developed Producing (PDP) reserves grew 15% to 9 million BOEs.
The Net Present Value (NPV) of Proved Reserves reached US$534.7 million (discounted at 10%), an 11% increase from 2023, despite lower forecast pricing. This translates to a pre-tax per share value of US$15.08 or CAD$21.70.
The company is currently executing a drilling program including 4 Lovina wells (100% working interest) and the Forguson 17-20-3H well (46% working interest). The 2025 drilling program includes seven longer lateral wells and completion of two previously drilled 1-mile laterals.
Additional highlights include:
- Proved plus Probable Reserves: 53.6 million BOEs (1% decrease)
- Proved plus Probable plus Possible Reserves: 71.5 million BOEs (10% decrease)
- 2024 production: 1.27 million BOEs
Kolibri Global Energy (NASDAQ: KGEI) has announced its upcoming drilling operations and year-end 2024 earnings release schedule. The company is preparing to drill four Lovina wells (100% working interest) with 1.5-mile lateral wells on the same pad, scheduled to begin in early March 2025 with production expected to start in June.
Additionally, Kolibri is constructing the location for the Forguson well (46% working interest), which will test the economics of their east side acreage. A major integrated oil company has joined as a participant. The Forguson well's Caney target shares similar characteristics with Kolibri's proved acreage but at a shallower depth.
The company will release its year-end 2024 financial results on March 25, 2025, followed by an earnings call on March 26. Management will also participate in the 37th Annual Roth Capital Conference and the Sidoti Small-Cap Virtual Conference in March 2025.
Kolibri Global Energy has released its 2025 guidance for the Tishomingo field in Oklahoma, projecting significant growth across key metrics. The company forecasts average production of 4,500 to 5,100 boepd, representing a 38-40% increase from 2024 guidance. Revenue is expected to reach US$75-89 million (32-44% increase), while Adjusted EBITDA is projected at US$58-71 million (35-48% increase).
The company plans to drill nine wells in 2025, including four 1.5-mile lateral wells, two additional 1.5-mile lateral wells, and the Forguson well to test the Caney Formation on eastern acreage. Capital expenditures are estimated at US$48-53 million, with year-end net debt projected at US$25-30 million and a debt-to-EBITDA ratio below 1.0. These projections assume WTI at US$70/bbl.
Kolibri Global Energy reports strong production results from three wells in its Tishomingo field, Oklahoma. The Alicia Renee wells showed impressive 30-day flow rates: Alicia 3H at 1,062 BOEPD (711 BOPD), Alicia 4H at 883 BOEPD (593 BOPD), and Alicia 5H at 706 BOEPD (474 BOPD). Current production levels are even higher at 1,080, 980, and 800 BOEPD respectively.
The wells, in which Kolibri owns 100% working interest, were drilled with 1.5-mile lateral length at 6-well per section spacing. The average cost per well is estimated below US$6.3 million, including future tubing installation costs planned for next year. These wells complement existing production of 3,032 BOEPD from Q3 2024, promising significant cash flow increases for Q4 and into 2025.
Kolibri Global Energy reported strong Q3 2024 results with net income increasing 118% to $5.1 million and EPS rising 100% to $0.14/share compared to Q3 2023. Average production grew 11% to 3,032 BOEPD, while Adjusted EBITDA increased 6% to $10.1 million. Revenue rose 2% to $13.0 million despite a 9% decrease in average prices. The company's three new Alicia Renee 1.5-mile lateral wells showed promising initial production rates, with the Alicia 2-11-3H well averaging 1,049 BOEPD. The credit facility maintained its $50 million borrowing base with $19.0 million available capacity.
Kolibri Global Energy reports successful drilling and completion of three wells in its Tishomingo field, Oklahoma. The Alicia Renee wells (3H, 4H, and 5H) are producing over 2,800 BOEPD combined. The Alicia 3H well averaged 1,049 BOEPD, Alicia 4H averaged 845 BOEPD, and Alicia 5H averaged 630 BOEPD over the last five days. Current production has increased to 1,155 BOEPD, 950 BOEPD, and 715 BOEPD respectively. The company owns 100% working interest in these wells. Additionally, Kolibri has repurchased 104,000 shares under its share buyback program since September 23, 2024.
Kolibri Global Energy (NASDAQ: KGEI) has announced its Q3 2024 earnings release date for November 12, 2024, after market close, with a conference call scheduled for November 13, 2024, at 9:00 a.m. PST. The company also provided an operations update on the Alicia Renee wells (2-11-3H, 2-11-4H, and 2-11-5H), which were successfully completed and are currently in the flowback phase. CEO Wolf Regener noted that the wells were completed under budget and expects these longer lateral wells to improve efficiency and returns.
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