$KGEIF The Forguson well in production in july 2026 and massive growth opportunity in there https://www.linkedin.com/posts/kolibri-global-energy-inc_kolibri-nasdaq-kgei-tsx-kei-global-energy-activity-7383559715168866304-VWnY?utm_source=share&utm_medium=member_android&rcm=ACoAADksnpQBeV7-Q88XoSV4yhNF1THOR6i4zOw
$KGEIF Kolibri Global Energy reports Q3 EPS 14c vs. 6c last year
Reports Q3 revenue $16.48M vs. $16.38M last year. KEI's president and CEO, Wolf Regener commented: "We are pleased that the Company continues to increase production, adjusted EBITDA and net income as we continue our 2024 drilling program to demonstrate the growth potential of our field. Our production increased by 11% during the quarter and our net income more than doubled. We expect continued growth in the fourth quarter as we enter into a new phase of the Company's development where we believe the most economic strategy is to drill longer laterals.
The three Alicia Renee wells, our first 1.5-mile lateral wells, are still flowing back the fracture stimulation fluid. The wells are still cleaning up, but over the last five days, the Alicia 2-11-3H well has averaged 1,049 Barrels of oil equivalent per day ("BOEPD") (720 barrels of oil per day ("BOPD")), the Alicia 2-11-4H well has averaged 845 BOEPD (590 BOPD) and the Alicia 2-11-5H well has averaged 630 BOEPD (435 BOPD)."
$KGEIF Kolibri Global Energy sees FY24 revenue $57M-$62M
Sees FY24: Average production 3,200 to 3,700 boepd; Adjusted EBITDA $43M-$48M; CapEx $33M-$39M; Debt to EBITDA below 1.0.
$KGEIF Kolibri Global Energy updates proved reserves of $483M
Kolibri Global Energy provided results of its December 31, 2023, independent reserves evaluation. Proved Developed Producing reserves grew by 33% as a result of wells drilled and completed last year. Net Present Value of the PDP reserves increased by 11% even as the forecast pricing used in the reserve report decreased compared to the prior year. Proved Reserves of $482.6M decreased by 6% from the December 2022 independent reserves evaluation. This is attributed to the lower forecast pricing as well as the 1 million BOE the company produced in 2023. Proved plus Probable Reserves were $719.2M, a decrease of 1% from the December 31, 2022, estimate. Total Proved Reserves were 32.4 million BOE, a decrease of 3% from the December 31, 2022, estimate. Proved plus Probable Reserves were 54.1 million BOEs, representing no change from the December 31, 2022, estimate.
$KGEIF Kolibri Global Energy sees FY23 revenue $51M-$53M 0
Sees FY23 adjusted EBITDA $39M-$41M. Sees FY23 average production 2,800 to 3,000 boepd. The average production, revenue and Adjusted EBITDA guidance show significant growth from 2022 even though this guidance has been revised lower from the company's previous guidance due to several factors. The main factors are timing, as new wells started producing later than previously forecasted, oil prices that are lower than previously assumed, and production impacts from the shut-in of wells surrounding the latest completions. The company expects annual capital expenditures paid during the year to be in the range of $47M-$49M. This guidance is being lowered due to actual well costs coming in substantially below budget. Net debt is forecasted to be $29M-$31M, which is higher than previously forecast due mainly to the timing of the wells....
$KGEIF $KGEI Kolibri Global Energy Inc. Operations Update and Initial Flow Rates Barnes 7-4H & 7-5H Wells
https://www.stocktitan.net/news/KGEIF/kolibri-global-energy-inc-operations-update-and-initial-flow-rates-nm1kogq1zv8y.html
$KGEIF Kolibri Global Energy Inc. to Begin Trading on Nasdaq Stock Market
https://www.stocktitan.net/news/KGEIF/kolibri-global-energy-inc-to-begin-trading-on-nasdaq-stock-dxe8hccdws7i.html
$KGEIF Kolibri Global Energy Inc. Provides Operations Update
https://www.stocktitan.net/news/KGEIF/kolibri-global-energy-inc-provides-operations-mbowwn45w0ez.html
$KGEIF - Kolibri Global had very high historical volatility over the last 90 days https://www.macroaxis.com/stock-analysis/KGEIF/Kolibri-Global-Energy #insidertrading #stocks #fintechnews
$KGEIF Kolibri Global Energy Announces Net Income of $4.3 Million and EPS of $0.12 Per Share for Second Quarter of 2023
https://www.stocktitan.net/news/KGEIF/kolibri-global-energy-announces-net-income-of-4-3-million-and-eps-of-331l60j7d10u.html
$KGEIF Kolibri Global Energy Inc. Provides 30 Day Rates and Announces Expanded 2023 Drilling Program
https://www.stocktitan.net/news/KGEIF/kolibri-global-energy-inc-provides-30-day-rates-and-announces-zrbv43pcbwle.html
$KGEIF Kolibri Global Energy Inc. Announces 2023 AGM Results and Operations Update
https://www.stocktitan.net/news/KGEIF/kolibri-global-energy-inc-announces-2023-agm-results-and-operations-vqayqjg94ukb.html
$KGEIF Kolibri Global Energy Inc. Announces Three More Successful Wells Adding Over 1,500 BOEPD to Production
https://www.stocktitan.net/news/KGEIF/kolibri-global-energy-inc-announces-three-more-successful-wells-kawuyk9bk2w6.html
