Kolibri Global Energy Inc. Announces Another Record for Its Highest Quarterly Revenue of $22.5 Million With a 46% Production Increase and a 197% Net Income Increase for the Second Quarter of 2026
Key Terms
adjusted ebitda financial
boepd technical
netback from operations financial
non-gaap measure financial
SECOND QUARTER HIGHLIGHTS
-
Revenue, net of royalties was
$22.5 million $10.8 million 109% due to a46% increase in production and a41% increase in average prices -
Average production for the second quarter of 2026 was 4,690 BOEPD, an increase of
46% compared to the second quarter of 2025 average production of 3,220 BOEPD. The increase was primarily due to production from the wells that were drilled and completed in the last half of 2025 -
Net income in the second quarter of 2026 was
$8.5 million $0.24 $2.9 million $0.08 197% increase was due to higher revenues, partially offset by higher operating expense and depletion expense due to the higher production and realized losses on commodity contracts in 2026 -
Adjusted EBITDA(1) was
$16.4 million $7.7 million 114% due to higher revenues partially offset by higher operating expenses and realized losses on commodity contracts in 2026 -
Average netback from operations(2) for the second quarter of 2026 was
$43.92 48% from the prior year second quarter of$29.66 -
Production and operating expense per barrel averaged
$8.90 $7.15 24% . The increase was primarily due to workover costs on a non-operated well which was$0.59 -
At June 30, 2026, the Company had
$30.5 million $65 million $75 million
(1) |
Adjusted EBITDA is considered a non-GAAP measure. Refer to the section entitled “Non-GAAP Measures” of this earnings release. |
|
(2) |
Netback from operations is considered a non-GAAP ratio. Refer to the section entitled “Non-GAAP Measures” of this earnings release. |
Management will host an earnings conference call for investors this morning at 9:00 a.m. Pacific time to discuss the Company’s results and host a Q&A session. Interested parties are invited to participate by calling: 1-833-890-5570 or for international callers: 1-412-502-9708. Please request to be joined to the Kolibri Global Energy Inc. call.
Kolibri’s President and Chief Executive Officer, Wolf Regener commented:
“We are excited to announce another Company record for highest quarterly revenue of
“The Company has just completed drilling the last of the three Clifton Mack wells and expects to begin fracture stimulation operations this month with production expected during the end of the third quarter. As we previously disclosed, the geologic conditions in this area required additional casing strings, which increased the cost of these wells compared to our standard Caney well design. We believe the pressures we encountered are supportive of potential high production rates from these wells. The geologic conditions that were encountered in this southwest corner of our acreage position appear to be isolated to this area, and we anticipate using our normal Caney well design on future Caney wells.
“As we recently announced, we revised our strategy to target additional benches in our field while we continue to develop the lower Caney as we have in the past. We are excited to begin drilling the Lovina 8-5-1HF well, which will test the False Caney bench and will also be our first 2 mile lateral well. Successful results in these additional benches will have the potential to add many future drilling locations which would increase our reserves and thus value for our shareholders.”
|
Second Quarter |
|
|
|
First Six Months |
|
|||||||||||||
2026 |
|
2025 |
|
% |
|
2026 |
|
2025 |
|
% |
|||||||||
Net Income |
$ |
8,470 |
|
$ |
2,853 |
197 |
% |
$ |
12,497 |
$ |
8,618 |
|
45 |
% |
|||||
Net income per basic common share |
$ |
0.24 |
|
$ |
0.08 |
200 |
% |
$ |
0.35 |
$ |
0.24 |
|
46 |
% |
|||||
Net Income per diluted common share |
$ |
0.23 |
|
$ |
0.08 |
188 |
% |
$ |
0.35 |
$ |
0.24 |
|
46 |
% |
|||||
Capital Expenditures |
$ |
21,670 |
|
$ |
16,898 |
28 |
% |
$ |
23,542 |
$ |
26,851 |
|
(12 |
)% |
|||||
Adjusted EBITDA |
$ |
16,434 |
|
$ |
7,681 |
114 |
% |
$ |
31,252 |
$ |
20,501 |
|
52 |
% |
|||||
Average Production (Boepd) |
|
4,690 |
|
|
3,220 |
46 |
% |
|
4,688 |
|
3,646 |
|
29 |
% |
|||||
Average Price per Barrel |
$ |
66.50 |
|
$ |
47.06 |
41 |
% |
$ |
62.51 |
$ |
52.75 |
|
19 |
% |
|||||
Average Netback from operations(2) per Barrel |
$ |
43.92 |
|
$ |
29.66 |
48 |
% |
$ |
41.18 |
$ |
34.05 |
|
21 |
% |
|||||
Average Netback including commodity contracts(2) per Barrel |
$ |
41.21 |
|
$ |
29.79 |
38 |
% |
$ |
39.48 |
$ |
34.11 |
|
16 |
% |
|||||
|
|
|
|
|
|
|
|||||||||||||
|
June 30,
|
|
March
|
|
December
|
|
|||||||||||||
Cash and Cash Equivalents |
|
1,635 |
|
|
2,692 |
|
|
|
2,797 |
|
|
||||||||
Working Capital |
|
(14,082 |
) |
|
(5,082 |
) |
|
|
(12,573 |
) |
|
||||||||
Borrowing Capacity |
|
30,542 |
|
|
16,542 |
|
|
|
15,542 |
|
|
||||||||
|
|
|
|
|
|
|
|||||||||||||
(1) |
Adjusted EBITDA is considered a non-GAAP measure. Refer to the section entitled “Non-GAAP Measures” of this earnings release. |
|
(2) |
Netback from operations and netback including commodity contracts are considered non-GAAP ratios. Refer to the section entitled “Non-GAAP Measures” of this earnings release. |
Second Quarter 2026 versus Second Quarter 2025
Oil and gas gross revenues totaled
Average production for the second quarter of 2026 was 4,690 BOEPD, an increase of
Oil made up
Production and operating expenses for the second quarter of 2026 were
General and administrative expenses for the second quarter of 2026 were
Finance income increased
Finance expense increased
FIRST SIX MONTHS 2026 HIGHLIGHTS
-
Revenue, net of royalties was
$42.1 million $27.2 million 55% , due to a29% increase in production and a19% increase in average prices -
Average production for the first six months of 2026 was 4,688 BOEPD, an increase of
29% compared to the first six months of 2025 average production of 3,646 BOEPD. The increase is due to production from the wells that were drilled and completed in 2025 -
Net income in the first six months of 2026 was
$12.5 million $0.35 $8.6 million $0.24 -
Adjusted EBITDA(1) was
$31.3 million $20.5 million -
Production and operating expense per barrel averaged
$8.45 $7.11 19% . The increase was primarily due to workover costs on a non-operated well, as well as a smaller amount due to the Company’s gas purchaser reassessing prior year gathering and processing fees, which together totaled$0.5 million -
Average netback from operations(2) for the first six months of 2026 was
$41.18 21% from the prior year period of$34.05
(1) |
Adjusted EBITDA is considered a non-GAAP measure. Refer to the section entitled “Non-GAAP Measures” of this earnings release. |
|
(2) |
Netback from operations and netback including commodity contracts are considered non-GAAP ratios. Refer to the section entitled “Non-GAAP Measures” of this earnings release. |
First Six Months of 2026 versus First Six Months of 2025
Oil and gas gross revenues totaled
Average production for the first six months of 2026 was 4,688 BOEPD, an increase of
Production and operating expense was
Finance income decreased by
Finance expense decreased
KOLIBRI GLOBAL ENERGY INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited, Expressed in Thousands of United States Dollars) |
||||||||||
|
||||||||||
|
|
|
June 30 |
|
|
December 31 |
|
|
||
|
|
|
2026 |
|
|
2025 |
|
|
||
|
|
|||||||||
Current Assets |
||||||||||
Cash and cash equivalents |
$ |
1,635 |
|
$ |
2,797 |
|
|
|||
Accounts receivables and other receivables |
|
9,358 |
|
8,070 |
|
|
||||
Deposits and prepaid expenses |
|
928 |
|
769 |
|
|
||||
Fair value of commodity contracts |
|
- |
|
|
393 |
|
|
|
||
|
|
11,921 |
|
12,029 |
|
|
||||
|
|
|||||||||
Non-current assets |
||||||||||
Property, plant and equipment |
|
294,627 |
|
280,172 |
|
|
||||
Right of use assets |
|
1,567 |
|
|
1,741 |
|
|
|
||
|
296,194 |
|
281,913 |
|
|
|||||
|
|
|
|
|
|
|
||||
Total Assets |
$ |
308,115 |
|
$ |
293,942 |
|
|
|||
|
|
|||||||||
Current Liabilities |
||||||||||
Accounts payable and other payables |
$ |
24,525 |
|
$ |
23,183 |
|
||||
Lease liabilities |
|
1,335 |
|
|
1,419 |
|
|
|
||
Fair value of commodity contracts |
|
143 |
|
|
- |
|
|
|
||
|
|
26,003 |
|
24,602 |
|
|
||||
|
|
|||||||||
Non-current liabilities |
|
|
|
|||||||
Loans and borrowings |
|
43,749 |
|
|
48,757 |
|
|
|||
Asset retirement obligations |
|
2,428 |
|
|
2,259 |
|
|
|||
Deferred taxes |
|
17,871 |
|
|
14,083 |
|
|
|||
Lease liabilities |
|
286 |
|
|
365 |
|
|
|||
Fair value of commodity contracts |
|
8 |
|
|
- |
|
|
|||
|
|
64,342 |
|
|
65,464 |
|
|
|||
|
|
|
|
|
||||||
Equity |
|
|||||||||
Shareholders’ capital |
|
295,898 |
|
294,300 |
|
|||||
Treasury stock |
|
(75 |
) |
|
(202 |
) |
|
|||
Contributed surplus |
|
25,855 |
|
26,183 |
|
|||||
Accumulated deficit |
|
(103,908 |
) |
(116,405 |
) |
|||||
Total Equity |
|
217,770 |
|
203,876 |
|
|||||
|
||||||||||
Total Equity and Liabilities |
$ |
308,115 |
|
$ |
293,942 |
|
||||
KOLIBRI GLOBAL ENERGY INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME |
|||||||||||||||
(Unaudited, expressed in Thousands of |
|||||||||||||||
( |
|||||||||||||||
|
|||||||||||||||
|
Second Quarter |
|
First Six Months |
||||||||||||
|
|
2026 |
|
|
|
2025 |
|
|
|
2026 |
|
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|||||||
Oil and natural gas revenue, net |
$ |
22,542 |
|
$ |
10,788 |
|
$ |
42,111 |
|
$ |
27,160 |
|
|||
Other income |
|
1 |
|
|
325 |
|
|
1 |
|
|
326 |
|
|||
|
|
22,543 |
|
|
11,113 |
|
|
42,112 |
|
|
27,486 |
|
|||
|
|
|
|
|
|
|
|
|
|||||||
Production and operating expenses |
|
3,377 |
|
|
1,738 |
|
|
6,311 |
|
|
3,965 |
|
|||
Depletion and depreciation expense |
|
5,096 |
|
|
3,516 |
|
|
10,141 |
|
|
7,579 |
|
|||
General and administrative expenses |
|
1,577 |
|
|
1,409 |
|
|
3,100 |
|
|
2,734 |
|
|||
Stock based compensation |
|
928 |
|
|
488 |
|
|
1,293 |
|
|
725 |
|
|||
|
|
10,978 |
|
|
7,151 |
|
|
20,845 |
|
|
15,003 |
|
|||
|
|
|
|
|
|
|
|
|
|||||||
Finance income |
|
2,153 |
|
|
540 |
|
|
4 |
|
|
512 |
|
|||
Finance expense |
|
(2,442 |
) |
|
(713 |
) |
|
(4,587 |
) |
|
(1,460 |
) |
|||
Income tax expense |
|
(2,806 |
) |
|
(936 |
) |
|
(4,187 |
) |
|
(2,917 |
) |
|||
Net income |
|
8,470 |
|
|
2,853 |
|
|
12,497 |
|
|
8,618 |
|
|||
Basic net income per share |
$ |
0.24 |
|
$ |
0.08 |
|
$ |
0.35 |
|
$ |
0.24 |
|
|||
Diluted net income per share |
$ |
0.23 |
|
$ |
0.08 |
|
$ |
0.35 |
|
$ |
0.24 |
|
|||
KOLIBRI GLOBAL ENERGY |
|||||||||||||
SECOND QUARTER 2026 |
|||||||||||||
(Unaudited, expressed in Thousands of |
|||||||||||||
|
|
|
|
|
|
|
|
||||||
|
|
|
|
|
|
|
|||||||
|
Second Quarter |
|
First Six Months |
||||||||||
|
2026 |
|
2025 |
|
2026 |
|
2025 |
||||||
Oil gross revenue |
$ |
25,973 |
|
$ |
11,980 |
$ |
47,817 |
|
$ |
30,028 |
|||
Gas gross revenue |
|
11 |
|
|
809 |
|
1,573 |
|
|
2,127 |
|||
NGL gross revenue |
|
2,396 |
|
|
1,001 |
|
3,654 |
|
|
2,655 |
|||
Oil and Gas gross revenue |
|
28,380 |
|
|
13,790 |
|
53,044 |
|
|
34,810 |
|||
|
|
|
|
|
|||||||||
Adjusted EBITDA(1) |
|
16,434 |
|
|
7,681 |
|
31,252 |
|
|
20,501 |
|||
Capital expenditures |
|
21,670 |
|
|
16,898 |
|
23,542 |
|
|
26,851 |
|||
|
|
|
|
|
|||||||||
Statistics: |
Second Quarter |
|
First Six Months |
||||||||||
|
|
2026 |
|
|
|
2025 |
|
|
2026 |
|
|
|
2025 |
Average oil production (Bopd) |
|
3,002 |
|
|
2,115 |
|
3,226 |
|
|
2,477 |
|||
Average natural gas production (mcf/d) |
|
2,764 |
|
|
2,880 |
|
3,192 |
|
|
3,339 |
|||
Average NGL production (Boepd) |
|
1,227 |
|
|
625 |
|
930 |
|
|
612 |
|||
Average production (Boepd) |
|
4,690 |
|
|
3,220 |
|
4,688 |
|
|
3,646 |
|||
Average oil price ($/bbl) |
$ |
95.08 |
|
$ |
62.25 |
$ |
81.90 |
|
$ |
66.96 |
|||
Average natural gas price ($/mcf) |
$ |
0.04 |
|
$ |
3.09 |
$ |
2.72 |
|
$ |
3.52 |
|||
Average NGL price ($/bbl) |
$ |
21.46 |
|
$ |
17.59 |
$ |
21.71 |
|
$ |
23.95 |
|||
|
|
|
|
||||||||||
Average price ($/boe) |
$ |
66.50 |
|
$ |
47.06 |
$ |
62.51 |
|
$ |
52.75 |
|||
Less: Royalties ($/boe) |
|
13.68 |
|
|
10.25 |
|
12.88 |
|
|
11.59 |
|||
Less: Operating expenses ($/boe) |
|
8.90 |
|
|
7.15 |
|
8.45 |
|
|
7.11 |
|||
Netback from operations(2) ($/boe) |
$ |
43.92 |
|
$ |
29.66 |
$ |
41.18 |
|
$ |
34.05 |
|||
Price adjustment from commodity contracts ($/boe) |
|
(2.71 |
) |
|
0.13 |
|
(1.70 |
) |
|
0.06 |
|||
Netback including commodity contracts(2) ($/boe) |
$ |
41.21 |
|
$ |
29.79 |
$ |
39.48 |
|
$ |
34.11 |
|||
| (1) | Adjusted EBITDA is considered a non-GAAP measure. Refer to the section entitled “Non-GAAP Measures” of this earnings release. |
|
(2) |
Netback from operations and netback including commodity contracts are considered non-GAAP ratios. Refer to the section entitled “Non-GAAP Measures” of this earnings release. |
The information outlined above is extracted from and should be read in conjunction with the Company's unaudited financial statements for the three and six months ended June 30, 2026 and the related management's discussion and analysis thereof, copies of which are available under the Company's profile on SEDAR+ at www.sedarplus.ca.
NON-GAAP MEASURES
Netback from operations, netback including commodity contracts and adjusted EBITDA (collectively, the "Company’s Non-GAAP Measures") are not measures or ratios recognized under Canadian generally accepted accounting principles ("GAAP") and do not have any standardized meanings prescribed by IFRS. Management of the Company believes that such measures and ratios are relevant for evaluating returns on each of the Company's projects as well as the performance of the enterprise as a whole. The Company's Non-GAAP Measures may differ from similar computations as reported by other similar organizations and, accordingly, may not be comparable to similar non-GAAP measures and ratios as reported by such organizations. The Company’s Non-GAAP Measures should not be construed as alternatives to net income, cash flows related to operating activities, working capital or other financial measures and ratios determined in accordance with IFRS, as an indicator of the Company's performance.
An explanation of the composition of the Company’s Non-GAAP Measures, how the Company’s Non-GAAP Measures provide useful information to an investor and the purposes for which the Company’s management uses the Non-GAAP Measures is set out in the management's discussion and analysis under the heading “Non-GAAP Measures” which is available under the Company's profile at www.sedarplus.ca and is incorporated by reference into this earnings release.
The following is the reconciliation of the non-GAAP ratio netback from operations to net income, which the Company considers to be the most directly comparable financial measure that is disclosed in the Company’s financial statements:
(US |
Three months ended June 30, |
|
|
Six months ended June 30, |
|||||||||
2026 |
|
2025 |
|
|
2026 |
|
2025 |
||||||
Net income |
8,470 |
|
2,853 |
|
12,497 |
|
8,618 |
|
|||||
Adjustments: |
|||||||||||||
Income tax expense |
2,806 |
|
936 |
|
4,187 |
|
2,917 |
|
|||||
Finance income |
(2,153 |
) |
(540 |
) |
(4 |
) |
(512 |
) |
|||||
Finance expense |
2,442 |
|
713 |
|
4,587 |
|
1,460 |
|
|||||
Share based compensation |
928 |
|
488 |
|
1,293 |
|
725 |
|
|||||
General and administrative expenses |
1,577 |
|
1,409 |
|
3,100 |
|
2,734 |
|
|||||
Depletion, depreciation and amortization |
5,096 |
|
3,516 |
|
10,141 |
|
7,579 |
|
|||||
Other income |
(1 |
) |
(325 |
) |
(1 |
) |
(326 |
) |
|||||
Operating netback |
19,165 |
|
9,050 |
|
35,800 |
|
23,195 |
|
|||||
Netback from operations per BOE |
43.92 |
|
29.66 |
|
41.18 |
|
34.05 |
|
|||||
The following is the reconciliation of the non-GAAP measure adjusted EBITDA to the comparable financial measures disclosed in the Company’s financial statements:
(US |
Three months ended June 30, |
|
|
Six months ended June 30, |
|||||||||
2026 |
|
2025 |
|
|
2026 |
|
2025 |
||||||
Net income |
8,470 |
|
2,853 |
|
12,497 |
|
8,618 |
|
|||||
Income tax expense |
2,806 |
|
936 |
|
4,187 |
|
2,917 |
|
|||||
Depletion and depreciation |
5,096 |
|
3,516 |
|
10,141 |
|
7,579 |
|
|||||
Accretion |
63 |
|
73 |
|
130 |
|
124 |
|
|||||
Interest expense |
1,225 |
|
640 |
|
2,282 |
|
1,336 |
|
|||||
Unrealized (gain) loss on commodity contracts |
(2,150 |
) |
(490 |
) |
727 |
|
(455 |
) |
|||||
Share based compensation |
928 |
|
488 |
|
1,293 |
|
725 |
|
|||||
Interest income |
- |
|
(8 |
) |
(2 |
) |
(16 |
) |
|||||
Other income |
(1 |
) |
(325 |
) |
(1 |
) |
(326 |
) |
|||||
Foreign currency loss (gain) |
(3 |
) |
(2 |
) |
(2 |
) |
(1 |
) |
|||||
Adjusted EBITDA |
16,434 |
|
7,681 |
|
31,252 |
|
20,501 |
|
|||||
PRODUCT TYPE DISCLOSURE
This news release includes references to sales volumes of "oil", "natural gas", and “barrels of oil equivalent” or “BOEs”. “Oil” refers to light crude oil and medium crude oil combined, and "natural gas" refers to shale gas, in each case as defined by NI 51-101. Production from our wells, primarily disclosed in this news release in BOEs, consists of mainly oil and associated wet gas. The wet gas is delivered via gathering system and then pipelines to processing plants where it is treated and sold as natural gas and NGLs.
CAUTIONARY STATEMENTS
In this news release and the Company’s other public disclosure:
(a) |
The Company's natural gas production is reported in thousands of cubic feet ("Mcfs"). The Company also uses references to barrels ("Bbls") and barrels of oil equivalent ("Boes") to reflect natural gas liquids and oil production and sales. Boes may be misleading, particularly if used in isolation. A Boe conversion ratio of 6 Mcf:1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. |
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(b) |
Discounted and undiscounted net present value of future net revenues attributable to reserves do not represent fair market value. |
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(c) |
Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. There is a |
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(d) |
The Company discloses peak and 30-day initial production rates and other short-term production rates. Readers are cautioned that such production rates are preliminary in nature and are not necessarily indicative of long-term performance or of ultimate recovery. |
Caution Regarding Forward-Looking Information
This release contains forward-looking information including information regarding the proposed timing and expected results of exploratory and development work including production from the Company's
Such forward-looking information is based on management’s expectations and assumptions, including that the Company's geologic and reservoir models and analysis will be validated, that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that previous exploration results are indicative of future results and success, that expected production from future wells can be achieved as modeled, that declines will match the modeling, that future well production rates will be improved over existing wells, that rates of return as modeled can be achieved, that recoveries are consistent with management’s expectations, that additional wells are actually drilled and completed, that design and performance improvements will reduce development time and expense and improve productivity, that discoveries will prove to be economic, that anticipated results and estimated costs will be consistent with management’s expectations, that all required permits and approvals and the necessary labor and equipment will be obtained, provided or available, as applicable, on terms that are acceptable to the Company, when required, that no unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays or labor or contract disputes are encountered, that the development plans of the Company and its co-venturers will not change, that the demand for oil and gas will be sustained or increase, that the Company will continue to be able to access sufficient capital through financings, credit facilities, farm-ins or other participation arrangements to maintain its projects, that the Company will continue in compliance with the covenants under its reserves-based loan facility and that the borrowing base will not be reduced, that funds will be available from the Company’s reserves based loan facility when required to fund planned operations, that the Company will not be adversely affected by changing government policies and regulations, social instability or other political, economic or diplomatic developments in the countries in which it operates and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business and its ability to advance its business strategy.
Forward looking information involves significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company’s geologic and reservoir models or analysis are not validated, that anticipated results and estimated costs will not be consistent with management’s expectations, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks including flooding and extended interruptions due to inclement or hazardous weather), the risk of commodity price and foreign exchange rate fluctuations, risks and uncertainties associated with securing the necessary regulatory approvals and financing to proceed with continued development of the Tishomingo Field, the risk that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the Company will cease to be in compliance with the covenants under its reserves-based loan facility and be required to repay outstanding amounts or that the borrowing base will be reduced pursuant to a borrowing base re-determination and the Company will be required to repay the resulting shortfall, that the Company is unable to access required capital, that funding is not available from the Company’s reserves based loan facility at the times or in the amounts required for planned operations, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve and the other risks identified in the Company’s most recent Annual Information Form under the “Risk Factors” section, the Company’s most recent management's discussion and analysis and the Company’s other public disclosure, available under the Company’s profile on SEDAR at www.sedarplus.ca.
Although the Company has attempted to take into account important factors that could cause actual costs or results to differ materially, there may be other factors that cause actual results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The forward-looking information included in this release is expressly qualified in its entirety by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the Company owns and operates energy properties in
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For further information, contact:
Wolf E. Regener, President and Chief Executive Officer +1 (805) 484-3613
Email: investorrelations@kolibrienergy.com
Website: www.kolibrienergy.com
Source: Kolibri Global Energy Inc.