Company Adjusts Strategy to Develop New Benches
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
The Company's strategy to date has been to mainly focus on developing the Lower Caney in the Company's Tishomingo field in Oklahoma. However, the Company has long known that there are other benches in its field that are not currently reflected in the Company's reserve report. It believes that, with modifications to its latest completion techniques, these benches can be economically developed. The Company has revised its strategy to include targeting these benches while continuing the development of the Lower Caney. These benches include the False Caney, the Upper Caney, the T-zone, and the Sycamore. The Company's strategy will be to continue drilling mainly one and a half and two-mile lateral development wells in the Lower Caney formation while also drilling longer lateral wells into these additional benches to determine their economic viability. The Company is adding an additional well to its 2026 drilling program, which will target the False Caney. The Upper Caney is likely to be the next bench targeted and may be drilled in late 2026 or early 2027. The Company will determine the next T-zone well and potentially test the Sycamore at a later date.
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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.
- 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.
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- Significant Revenue Increase: The revenue for the first quarter reached $19.6 million, a 19.5% year-over-year increase, demonstrating the company's success in sales and market expansion, which lays a solid foundation for future investments and growth.
- Production Capacity Improvement: The average production for Q1 2026 was 4,685 BOEPD, a 15% increase from 4,077 BOEPD in Q1 2025, enhancing the company's market supply capability and profit potential directly.
- Adjusted EBITDA Growth: The adjusted EBITDA for Q1 2026 was $14.8 million, up from $12.8 million in Q1 2025, showcasing ongoing improvements in cost control and operational efficiency, further strengthening the company's financial health.
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- Credit Facility Increase: Kolibri Energy US Inc. has increased its borrowing base from $65 million to $75 million, providing the company with greater financial flexibility to support production and cash flow growth initiatives in the Tishomingo field.
- Debt Repayment Plan: The company expects to make a $4 million paydown on the Credit Facility this month, which will bring its year-end net debt to an estimated range of $25 million to $30 million, thereby optimizing its financial structure.
- Financial Reporting Schedule: The company plans to release its financial and operating results for Q1 2026 on May 14, 2026, and will host a conference call for investors and analysts, enhancing transparency and investor confidence.
- Market Outlook: Despite facing industry risks and uncertainties, Kolibri Global Energy remains committed to leveraging its technical and operational expertise to identify and acquire new oil and gas projects, showcasing its long-term growth potential in the North American energy market.
See More
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- Board Election Results: At the Annual General Meeting held on May 4, 2026, in Marina del Rey, California, all resolutions were approved, fixing the number of directors at five, with nominees including Wolf Regener, David Neuhauser, Glen Brown, Lee Canaan, and Murray Grigg, reflecting shareholder support for corporate governance.
- Voting Support Rates: Wolf Regener was elected with 99.41% support, while David Neuhauser and Glen Brown received 96.37% and 98.20% respectively, indicating strong shareholder trust in the new board members, which is expected to drive the company's strategic development.
- Auditor Appointment: Shareholders unanimously appointed BDO USA, P.C. as the company's auditor, demonstrating the company's commitment to financial transparency and compliance, which will help enhance investor confidence.
- Stock Option Plan Approval: The unallocated entitlements under the company's Stock Option Plan received 87.93% approval, indicating shareholder recognition of the company's incentive mechanisms, which are expected to attract and retain top talent to drive growth.
See More
Virtual Investor Conferences Offer On-Demand Viewing
- On-Demand Access: Presentations from the April 16, 2026 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: 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
