Recent Updates — KGEI
Kolibri Global Energy Inc. provided an operations update on its Tishomingo field in Oklahoma. The three Clifton Mack wells are currently producing a combined rate of approximately 2,100 barrels of oil equivalent per day (BOEPD), including about 925 barrels of oil per day. This represents a 55% increase from the prior week, driven by higher production rates following a new fracture stimulation design that improved fluid recovery. Additionally, the Lovina 5-8-1HF well has been successfully fractured and is expected to begin flowback early next week as part of a test for a new geological bench. Kolibri Global Energy Inc. is an oil and gas exploration and production company operating in North America.
Kolibri Global Energy Inc. completed fracture stimulation on three Clifton Mack wells and finished drilling the Lovina 8-5-1HF well in the False Caney bench. The board approved a renewal of its normal course issuer bid to purchase up to 1,797,574 common shares, representing approximately 5% of outstanding shares, effective September 28, 2026 through September 27, 2027. Wolf Regener and Gary Johnson are scheduled to present at the Sidoti Small Cap Virtual Investor Conference on September 24, 2026, and the Lytham Partners Investor Conference on September 29, 2026. The company operates in the oil and gas exploration and production industry.
Kolibri Global Energy Inc. reported unaudited financial results for the six months ended June 30, 2026. Net income increased to $12.5 million ($0.35 per diluted share) from $8.6 million in the prior year period, driven by a 29% rise in average production to 4,688 BOEPD and higher commodity prices. Oil revenue grew 59% to $47.8 million, while natural gas revenue declined 26%. Adjusted EBITDA rose 52% to $31.3 million. The company maintained compliance with its credit facility covenants, reporting a current ratio of 1.65 and a maximum leverage ratio of 0.88. Available borrowing capacity stood at $30.5 million against a $75.0 million borrowing base following a May 2026 redetermination. Kolibri Global Energy Inc. operates in the oil and gas exploration and production industry, focusing on assets in Oklahoma.