KEI Overview

Event Announcement: The Oil & Gas Virtual Investor Conference took place on November 13, 2025, and the presentations are now available for online viewing for 90 days.

Investor Engagement: Investors, advisors, and analysts can download materials and schedule one-on-one management meetings with select companies until November 18.

Participating Companies: Notable companies presenting include OMV AG, Valeura Energy Inc., and Reconnaissance Energy Africa Ltd., among others.

About VIC: Virtual Investor Conferences (VIC) is a leading platform that facilitates direct presentations from publicly traded companies to investors, enhancing engagement through interactive features.

Production and Revenue Growth: In Q3 2025, Kolibri Global Energy Inc. reported a 40% increase in average production to 4,254 BOEPD compared to Q3 2024, leading to a 15% rise in revenue to $15.0 million despite an 18% drop in average prices.

Net Income and Adjusted EBITDA: The company experienced a net income of $3.6 million in Q3 2025, down from $5.1 million in Q3 2024, while adjusted EBITDA increased by 9% to $11.1 million, reflecting higher revenues offset by increased operating expenses.

Operating Expenses and Netback: Production and operating expenses per barrel rose to $7.37 in Q3 2025, an 11% increase from the previous year, contributing to a 23% decrease in average netback from operations to $30.84/boe.

Future Outlook: The company anticipates continued production growth with the completion of four additional wells by December 2025, which are expected to significantly impact production levels in Q1 2026.

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.

Event Announcement: The Oil & Gas Virtual Investor Conference is scheduled for November 13, 2025, hosted by Virtual Investor Conferences, inviting individual and institutional investors to participate.

Registration Details: Attendees are encouraged to pre-register and perform an online system check to ensure smooth participation, with no costs associated for attending live presentations or scheduling one-on-one meetings.

Presentation Schedule: The conference will feature presentations from various companies, including OMV AG, Valeura Energy Inc., and AXP Energy Ltd., with specific time slots allocated for each.

About Virtual Investor Conferences: VIC provides a platform for publicly traded companies to engage with investors through interactive presentations and targeted meetings, enhancing investor relations and communication.

Update on Shareholder Meeting: Kolibri Global Energy Inc. is preparing for a special meeting of shareholders to vote on a proposed resolution to cap the number of common shares at 37,367,894, following a requisition by TFG Asset Management UK LLP. The company's board and management recommend voting against this resolution, citing potential negative impacts on shareholder value and flexibility.

Voting Instructions and Deadlines: Shareholders are encouraged to vote against the proposed resolution by the deadline of 9:00 a.m. (Pacific time) on November 21, 2025. Due to postal service disruptions, shareholders are advised to vote online or by telephone, with detailed instructions provided for both registered and non-registered shareholders.

Investor Conferences: Kolibri Global Energy Inc. will participate in the Sidoti Virtual Investor Conference on September 17-18, 2025, with a presentation by Mr. Regener on September 18 at 3:15 PM ET, and the Lytham Partners Investor Conference on September 30, 2025, at 12:30 PM ET, where one-on-one meetings will also be held.

Normal Course Issuer Bid: The company has repurchased 267,637 common shares in 2025 at an average price of US$6.38 per share, totaling 548,293 shares at an average price of US$5.27 during the issuer bid, and plans to renew this bid for another year pending regulatory approvals.