ISS and Glass Lewis Advise Kolibri Global Energy Inc. Shareholders to Oppose TFG Asset Management's Proposed Share Limit Resolution
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2025
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Should l Buy KGEI?
Source: Newsfilter
Board's Recommendation: Kolibri's board of directors unanimously recommends shareholders vote AGAINST the Share Limit Proposal, stating it would be detrimental to shareholders and not in the best interests of the Company.
Proxy Advisory Firms' Opinions: Both Institutional Shareholder Services (ISS) and Glass Lewis have advised shareholders to vote AGAINST the proposal, citing concerns about reduced strategic options and lack of compelling rationale from the proposing shareholder, TFG Asset Management UK LLP.
Meeting Details: The special general meeting for shareholders is scheduled for November 25, 2025, where shareholders can vote on the proposal. Voting is encouraged before the proxy deadline of November 21, 2025.
Voting Assistance: Shareholders can vote online or by phone, and those needing assistance can contact Barbara Fox for help with the voting process.
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Analyst Views on KGEI
About KGEI
Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. The Company, through various subsidiaries, owns and operates energy properties in the United States. The Company utilizes its technical and operational expertise to identify and acquire additional projects in oil and gas. The Company, through its wholly owned subsidiary, Kolibri Energy US Inc., holds oil and gas rights to approximately 17,100 contiguous acres in the Tishomingo Field, focused on the Caney and Upper Sycamore formations. The acreage is strategically located in the Ardmore Basin, part of the SCOOP region in southern Oklahoma. The Company is actively developing the field, operating approximately 31 horizontal Caney Shale Oil wells.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Availability Duration: All company presentations will be accessible 24/7 for the next 90 days, ensuring that investors can obtain key insights at their convenience, thereby enhancing the effectiveness of their investment decisions.
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- Availability Duration: The company presentations will be accessible 24/7 for the next 90 days, ensuring that investors can obtain key insights at their convenience, thereby enhancing the effectiveness of their investment decisions.
- 1x1 Meeting Requests: Select companies are accepting requests for one-on-one management meetings, enabling investors to arrange direct communication with management, which further fosters the establishment and maintenance of investor relations.
- Interactive Investor Forum: The Virtual Investor Conferences provide an interactive platform for publicly traded companies to present directly to investors, enhancing investor engagement and optimizing the efficiency of investor access.
See More
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- On-Demand Access: Presentations from the April 16th Oil & Gas Virtual Investor Conference are now available for on-demand viewing, allowing investors, advisors, and analysts to access critical information flexibly and conveniently.
- Availability Duration: All company presentations will be accessible 24/7 for the next 90 days, ensuring that investors can obtain key insights at their convenience, thereby enhancing the effectiveness of their investment decisions.
- 1x1 Meeting Requests: Select companies are accepting requests for one-on-one management meetings, enabling investors to schedule direct communication with management, which can deepen their understanding and trust in the companies.
- Enhanced Investor Engagement: Virtual Investor Conferences provide a real-time investor engagement solution that replicates the components of an on-site conference, helping companies connect with investors more efficiently and improve their presentation effectiveness.
See More
Kolibri Global Energy Provides Operations Update and 2026 Forecast
- Accelerated Drilling Plan: Kolibri Global Energy has expedited its plan to drill three 1.5-mile lateral wells in the Tishomingo field, with drilling expected to commence next week, significantly enhancing the company's production capacity and competitive position in the region.
- 2026 Production Forecast: The company forecasts average production of 4,400 to 4,800 boepd in 2026, representing a 10% to 20% increase from 2025, which will lead to higher revenue and cash flow, thereby strengthening its financial stability.
- Revenue and EBITDA Growth: Assuming an oil price of $74 per barrel, the company anticipates revenue of $74 million to $79 million and adjusted EBITDA of $55 million to $60 million for 2026, reflecting increases of 30% to 39% and 31% to 43%, respectively, showcasing strong profitability.
- Capital Expenditure and Debt Management: Projected capital expenditures for 2026 are between $24 million and $27 million, with net debt expected to be managed between $25 million and $30 million, indicating effective financial risk management while expanding operations.
See More
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- Current Directors Not Seeking Reelection: Current Chairman Evan Templeton, Douglas Urch, and Leslie O'Connor will not stand for reelection, and Kolibri expresses gratitude for their contributions during their tenures while wishing them success in future endeavors.
- Transition Support Commitment: Evan Templeton has committed to assist the Board with transitional matters over the coming months, ensuring a smooth onboarding process for new directors and the advancement of the company's strategic objectives.
- Information Circular Preparation: The company will mail a management information circular to shareholders in the coming weeks, detailing the management nominees and ensuring shareholders are well-informed about the upcoming election and its potential impacts.
See More
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- Financial Performance: Kolibri Global Energy reported a FY 2025 GAAP EPS of $0.43, with net revenues of $56.9 million reflecting a 3% decline year-over-year, indicating challenges in profitability amid low oil prices.
- Revenue Decline Factors: The decrease in net revenues was primarily driven by a 16% drop in average prices, although a 15% increase in production suggests the company is navigating market price volatility.
- Production Growth: Average production for 2025 reached 4,013 BOEPD, a 15% increase from 2024's 3,478 BOEPD, highlighting the successful drilling and completion of new wells.
- Market Outlook: Despite the challenges posed by low oil prices, Kolibri Global Energy is viewed as undervalued with high growth potential, leading to a cautiously optimistic market sentiment regarding its future performance.
See More
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- Revenue Drop: The company's revenue for the fourth quarter was $14.74 million, reflecting a 15.5% decline compared to $17.44 million last year, highlighting increased sales pressure and weak market demand.
- Financial Performance Overview: Under GAAP standards, Kolibri's earnings and revenue fell short of market expectations, which could negatively impact investor confidence and subsequently affect the company's stock price performance.
- Uncertain Future Outlook: With both earnings and revenue declining, Kolibri faces greater market challenges and must implement effective strategies to restore growth and improve its financial condition.
See More
