Kolibri Global Energy Inc. Updates Tishomingo Field Production Data
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Businesswire
- Barnes Wells Performance: The Barnes 6-31-2H well averaged 634 BOEPD over the past 30 days, with a recent five-day average of 529 BOEPD, demonstrating a 22% higher production efficiency compared to the Lovina wells, thereby enhancing the company's netbacks.
- Velin Wells Progress: The Velin 12-9H and 12-10H wells averaged 283 BOEPD and 233 BOEPD respectively, and although early production rates are lower, improvements are expected over time, potentially impacting overall production strategy.
- Oil Mix Optimization: The company's oil production mix exceeded 75% in November, up from 66% in Q3, indicating significant progress in enhancing oil and gas production efficiency and reducing decline rates.
- Future Outlook: The company plans to pay down its line of credit in Q1 2026 and participate in multiple investor conferences, reflecting confidence in future growth and commitment to investors.
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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.
