STOCK TITAN

Kolibri Global Energy Inc. Provides Second Quarter 2024 Earnings Release Date and Conference Call and Drilling Update

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
conferences earnings

Kolibri Global Energy Inc. (KEI) has announced its Second Quarter 2024 earnings release date and provided an operational update. The company will release its financial results on August 13, 2024, after market close, followed by a conference call on August 14, 2024, at 9:00 a.m. PDT. KEI has also begun drilling operations on the Alicia Renee 2-11-3H well, with plans to drill two additional wells (2-11-4H and 2-11-5H) subsequently. These wells will have 1.5-mile laterals with KEI holding a 97.9% working interest in each. The company aims to improve efficiency and rates of return with these longer lateral wells, expecting them to come online in early Q4 and contribute to increased cash flow.

Kolibri Global Energy Inc. (KEI) ha annunciato la data di pubblicazione dei risultati del secondo trimestre 2024 e fornito un aggiornamento operativo. L'azienda rilascerà i risultati finanziari il 13 agosto 2024, dopo la chiusura del mercato, seguita da una teleconferenza il 14 agosto 2024 alle 9:00 ora del Pacifico. KEI ha anche iniziato le operazioni di perforazione del pozzo Alicia Renee 2-11-3H, con piani per perforare due pozzi aggiuntivi (2-11-4H e 2-11-5H) successivamente. Questi pozzi avranno laterali di 1,5 miglia, con KEI che detiene un interesse di lavoro del 97,9% in ciascuno. L'obiettivo dell'azienda è migliorare l'efficienza e i tassi di rendimento con questi pozzi a lungo laterale, aspettandosi che entrino in produzione all'inizio del Q4 e contribuiscano ad aumentare il flusso di cassa.

Kolibri Global Energy Inc. (KEI) ha anunciado la fecha de publicación de resultados del segundo trimestre de 2024 y ha proporcionado una actualización operativa. La empresa publicará sus resultados financieros el 13 de agosto de 2024, después del cierre del mercado, seguido de una conferencia telefónica el 14 de agosto de 2024 a las 9:00 a.m. PDT. KEI también ha comenzado las operaciones de perforación en el pozo Alicia Renee 2-11-3H, con planes para perforar dos pozos adicionales (2-11-4H y 2-11-5H) posteriormente. Estos pozos tendrán laterales de 1.5 millas, con KEI manteniendo un interés de trabajo del 97.9% en cada uno. La empresa tiene como objetivo mejorar la eficiencia y las tasas de retorno con estos pozos de laterales más largos, esperando que comiencen a estar operativos a principios del cuarto trimestre y contribuyan a un aumento en el flujo de caja.

Kolibri Global Energy Inc. (KEI)는 2024년 2분기 실적 발표일을 발표하고 운영 업데이트를 제공했습니다. 이 회사는 2024년 8월 13일에 시장 마감 후에 재무 결과를 발표할 예정이며, 2024년 8월 14일 오전 9시 PDT에 이어 컨퍼런스 콜을 진행할 예정입니다. KEI는 또한 Alicia Renee 2-11-3H 우물에서 시추 작업을 시작했으며, 이후 두 개의 추가 우물(2-11-4H 및 2-11-5H)을 시추할 계획입니다. 이 우물들은 1.5 마일의 측면을 가지고 있으며, KEI는 각각에 대해 97.9%의 작업 이자를 보유하고 있습니다. 이 회사는 이러한 긴 측면의 우물을 통해 효율성과 수익률을 개선하는 것을 목표로 하며, 2024년 4분기 초에 가동될 것으로 기대하고 있으며 현금 흐름 증가에 기여할 것으로 예상하고 있습니다.

Kolibri Global Energy Inc. (KEI) a annoncé la date de publication des résultats du deuxième trimestre 2024 et fourni une mise à jour opérationnelle. L'entreprise publiera ses résultats financiers le 13 août 2024, après la clôture du marché, suivis d'une téléconférence le 14 août 2024 à 9h00 PDT. KEI a également commencé des opérations de forage sur le puits Alicia Renee 2-11-3H, avec des plans pour forer deux puits supplémentaires (2-11-4H et 2-11-5H) par la suite. Ces puits auront des latérales de 1,5 mile, KEI détenant un intérêt de travail de 97,9% dans chacun. L'objectif de l'entreprise est d'améliorer l'efficacité et les taux de rendement avec ces puits à latérales plus longues, s'attendant à ce qu'ils soient opérationnels au début du Q4 et contribuent à l'augmentation du flux de trésorerie.

Kolibri Global Energy Inc. (KEI) hat das Datum der Veröffentlichung der Ergebnisse für das zweite Quartal 2024 bekannt gegeben und ein operatives Update bereitgestellt. Das Unternehmen wird seine finanziellen Ergebnisse am 13. August 2024, nach Börsenschluss, veröffentlichen, gefolgt von einer Konferenzschaltung am 14. August 2024 um 9:00 Uhr PDT. KEI hat auch mit den Bohrarbeiten am Alicia Renee 2-11-3H-Brunnen begonnen und plant, zwei weitere Brunnen (2-11-4H und 2-11-5H) anschließend zu bohren. Diese Brunnen werden 1,5 Meilen lange Lateralen haben, wobei KEI an jedem von ihnen ein 97,9%iges Arbeitsinteresse hält. Das Unternehmen zielt darauf ab, die Effizienz und die Renditen mit diesen längeren Lateralen zu verbessern und erwartet, dass sie zu Beginn des vierten Quartals in Betrieb gehen und zu einem erhöhten Cashflow beitragen werden.

Positive
  • Drilling operations have begun on the Alicia Renee 2-11-3H well
  • Company has a high working interest (97.9%) in three planned wells
  • Longer lateral wells (1.5-mile) expected to improve efficiency and rates of return
  • New wells anticipated to come online in early Q4, potentially increasing cash flow
Negative
  • None.

THOUSAND OAKS, Calif.--(BUSINESS WIRE)-- Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to provide the following updates.

Second Quarter 2024 Earnings Release and Earnings Call

The Company expects to release financial and operating results for its second quarter after market close on August 13, 2024.

In connection with the earnings release, management will host a conference call for investors and analysts on August 14, 2024, at 9:00 a.m. PDT to discuss the Company’s results and to host a Q&A session. Interested parties are invited to participate by calling:

Dial-In: 1-877-317-6789
International Dial-In: 1-412-317-6789
When calling, please request to be joined into the Kolibri Global Energy Inc. call.

Alicia Renee Wells Operations Update

Drilling operations on the Alicia Renee 2-11-3H well began early this morning. Once the drilling is competed the rig will slide over to drill the Alicia Renee 2-11-4H, followed by the Alicia Renee 2-11-5H. These wells are planned to have 1.5-mile laterals and Kolibri has a 97.9% working interest in each.

Wolf Regener, President and CEO, commented, “We are very pleased that drilling has started for the Alicia Renee 2-11-3H well. Our objective is to achieve further improvements in our efficiency and rates of return with these longer lateral wells. We anticipate these wells coming on early in the fourth quarter, leading to further increases in our cash flow.”

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 the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects in oil, gas and clean and sustainable energy. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI.

Cautionary Statements

Caution Regarding Forward-Looking Information

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward looking information”), including statements regarding the timing of release of the Company’s financial and operating results for its second quarter and the timing of and expected results from planned wells development. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the Company will continue to be able to access sufficient capital through cash flow, debt, financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business, its ability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate 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 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 equipment failures, permitting delays, labor or contract disputes or shortages of equipment, labor or materials are encountered, 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 conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, 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 price of oil will decline, that the Company is unable to access required capital, 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 and uncertainties applicable to exploration and development activities and the Company's business as set forth in the Company's management discussion and analysis and its annual information form, both of which are available for viewing under the Company's profile at www.sedar.com, any of which could result in delays, cessation in planned work or loss of one or more concessions and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

For further information, contact:

Wolf E. Regener +1 (805) 484-3613

Email: wregener@kolibrienergy.com

Website: www.kolibrienergy.com

Source: Kolibri Global Energy Inc.

FAQ

When will Kolibri Global Energy (KGEI) release its Q2 2024 earnings?

Kolibri Global Energy (KGEI) will release its Q2 2024 earnings after market close on August 13, 2024.

What is the working interest of Kolibri Global Energy (KGEI) in the Alicia Renee wells?

Kolibri Global Energy (KGEI) has a 97.9% working interest in each of the Alicia Renee wells (2-11-3H, 2-11-4H, and 2-11-5H).

When are the new Alicia Renee wells expected to come online for Kolibri Global Energy (KGEI)?

The new Alicia Renee wells are anticipated to come online early in the fourth quarter of 2024 for Kolibri Global Energy (KGEI).

What is the length of the laterals in the new Alicia Renee wells for Kolibri Global Energy (KGEI)?

The new Alicia Renee wells for Kolibri Global Energy (KGEI) are planned to have 1.5-mile laterals.

Kolibri Global Energy Inc.

NASDAQ:KGEI

KGEI Rankings

KGEI Latest News

KGEI Stock Data

119.00M
35.74M
1.1%
54.12%
0.03%
Oil & Gas E&P
Energy
Link
United States of America
Thousand Oaks