Welcome to our dedicated page for Kolibri Global Energy news (Ticker: KGEI), a resource for investors and traders seeking the latest updates and insights on Kolibri Global Energy stock.
Kolibri Global Energy Inc. (NASDAQ: KGEI, TSX: KEI) is a North American crude petroleum and natural gas extraction company that regularly issues detailed operational and financial updates. Through subsidiaries, it owns and operates shale oil and gas properties in the United States and reports production from fields such as its Tishomingo field in Oklahoma.
The news flow for Kolibri focuses on well performance, drilling and completion activity, production trends and financial results. Recent press releases have described initial production rates and oil percentages from horizontal wells like the Barnes, Lovina, Velin and Forguson wells, along with commentary on decline rates, internal rate of return estimates and the impact of oil-weighted production on netbacks. The company also reports quarterly results, including production volumes, oil and gas revenues, net income, Adjusted EBITDA and operating costs per BOE.
Investors following KGEI news can also track corporate actions and governance developments. Kolibri has announced guidance updates for production, revenue and Adjusted EBITDA, discussed capital expenditure plans and net debt expectations, and provided information on its normal course issuer bid to repurchase common shares. In addition, the company has reported on a shareholder-requisitioned special meeting to vote on a cap to the number of authorized common shares, the board’s recommendation on that proposal and the resulting voting outcomes.
This news page aggregates these disclosures so readers can review Kolibri’s operational updates, financial performance releases, share repurchase announcements and shareholder meeting communications in one place. For investors and observers of the oil and gas sector, the KGEI news feed offers ongoing insight into how the company manages its U.S. shale assets, evaluates well performance and addresses capital structure and governance matters.
Kolibri Global Energy announced an impressive 2023 with a net income of US$19.3 million and Adjusted EBITDA of $39.1 million. The company saw significant increases in production and revenues, with a positive growth outlook for 2024. However, Total Proved Reserves decreased by 6%, impacting the NPV10. Despite lower average prices, higher production and lower costs contributed to the positive financial results. The company's debt-to-Adjusted EBITDA ratio was 0.68, indicating manageable debt levels.
Kolibri Global Energy Inc. is updating on the delay in filing its 2023 annual information, confirming no material changes. The Company aims to complete the filing by the end of the week and comply with alternative reporting guidelines. Kolibri focuses on energy projects in oil, gas, and sustainable energy, with shares traded on the Toronto Stock Exchange and NASDAQ.
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