Kolibri Global Energy (NASDAQ: KGEI) lifts bank line to $75M
Rhea-AI Filing Summary
Kolibri Global Energy Inc. increased the borrowing base on its subsidiary’s revolving credit facility from US$65 million to US$75 million. About US$44 million is currently drawn. The company expects to pay down a further US$4 million this month and continues to forecast year-end net debt between US$25 and US$30 million.
All other terms of the credit facility remain unchanged. Kolibri plans to release its first-quarter 2026 financial and operating results before the market opens on May 14, 2026, followed by an earnings conference call at 9:00 a.m. Pacific time.
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Insights
Kolibri secures higher credit capacity while guiding to lower net debt.
Kolibri Global Energy obtained a higher borrowing base of US$75 million on its revolving credit facility, up from US$65 million. With approximately US$44 million drawn, the company has additional liquidity for its Tishomingo field development without changing other loan terms.
Management also highlights planned deleveraging, expecting a US$4 million debt paydown this month and forecasting year-end net debt of US$25–30 million. Upcoming first-quarter 2026 results and the May 14, 2026 earnings call will provide more detail on how production and cash flow align with this outlook.
Key Figures
Key Terms
Borrowing Base financial
revolving line of credit financial
forward-looking information regulatory
forward-looking statements regulatory
future-oriented financial information financial
financial outlook financial
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FAQ
How much did Kolibri Global Energy (KGEI) increase its credit facility borrowing base?
What is Kolibri Global Energy’s current outstanding balance on its credit facility?
What net debt level does Kolibri Global Energy (KGEI) forecast for year-end 2026?
When will Kolibri Global Energy release its Q1 2026 results and hold its earnings call?
Which banks are involved in Kolibri Global Energy’s revolving credit facility?
What are Kolibri Global Energy’s main business activities and where are its assets located?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
UNDER the Securities Exchange Act of 1934
For the month of May 2026
Commission File No.: 001-41824
Kolibri Global Energy Inc.
(Translation of registrant’s name into English)
925 Broadbeck Drive, Suite 220
Thousand Oaks, CA 91320
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☐ Form 40-F ☒
EXHIBIT INDEX
| Exhibit | Description | |
| 99.1 | Press Release dated May 11, 2026 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Kolibri Global Energy Inc. | ||
| Date: May 11, 2026 | By: | /s/ Gary Johnson |
| Name: | Gary Johnson | |
| Title: | Chief Financial Officer | |
Exhibit 99.1
 |
925 Broadbeck Drive, Suite 220, Thousand Oaks, California 91320 Phone: (805) 484-3613
TSX ticker symbol: KEI NASDAQ ticker symbol: KGEI |
For Immediate Release
KOLIBRI GLOBAL ENERGY INC. ANNOUNCES BANK LINE INCREASE TO $75 MILLION AND EARNINGS RELEASE AND CALL INFORMATION
Thousand Oaks CALIFORNIA, May 11, 2026 – Kolibri Global Energy Inc. (the “Company” or “KGEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to announce that the Borrowing Base of its indirect wholly owned subsidiary Kolibri Energy US Inc. was increased from US$65 million to US$75 million on its revolving line of credit (“Credit Facility”) which is held by a bank syndicate led by BOK Financial (“BOKF”) and includes Arvest Bank (“Arvest”). The current outstanding amount drawn on the Credit Facility is approximately US$44 million.
Wolf Regener, President and CEO, commented: “We are very pleased to have the support of BOKF and Arvest as we continue to develop our Tishomingo field. While we expect to make another debt paydown of US$4 million this month on the Credit Facility, the increase in our borrowing base provides us with greater flexibility, supports our production and cash flow growth initiatives, and further demonstrates the value of the field. We continue to forecast our year-end net debt to be between US$25 to US$30 million.”
The other terms of the credit facility remain the same.
First Quarter Earnings Release and Earnings Call
The Company expects to release financial and operating results for the first quarter of 2026 before the market opens on May 14, 2026.
In connection with the earnings release, management will host a conference call for investors and analysts on May 14, 2026, at 9:00 a.m. Pacific time to discuss the Company’s results and to host a Q&A session. Interested parties are invited to participate by calling:
Dial-In: 1-833-890-5570
International Dial-In: 1-412-504-9708
When calling, please request to be joined into the Kolibri Global Energy Inc. call.
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 and gas. 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.
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For further information, contact:
Wolf E. Regener+1 (805) 484-3613
Email: wregener@kolibrienergy.com
Website: www.kolibrienergy.com
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 Credit Facility, the timing of and expected paydown of the Credit Facility and the timing of the release of the Company’s financial and operating results for the first quarter of 2026. 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 gathering system issues will be resolved, 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 gathering system operator doesn’t get the issues resolved, 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.sedarplus.ca, any of which could result in delays, cessation in planned work or loss of one or more leases 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.
Caution Regarding Future-Oriented Financial Information and Financial Outlook
This news release may contain information deemed to be “future-oriented financial information” or a “financial outlook” (collectively, “FOFI”) within the meaning of applicable securities laws. The FOFI has been prepared by management to provide an outlook of the Company’s activities and results and may not be appropriate for other purposes. The FOFI has been prepared based on a number of assumptions including the assumptions discussed above under “Caution Regarding Forward-Looking Information”. The actual results of operations of the Company and the resulting financial results may vary from the amounts set forth herein, and such variations may be material. The Company and management believe that the FOFI has been prepared on a reasonable basis, reflecting management’s best estimates and judgments. FOFI contained in this news release was made as of the date of this news release and the Company disclaims any intention or obligations to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law.