KOLIBRI GLOBAL ENERGY news bullish

[Fraser921]

https://www.kolibrienergy.com/_files/ug ... a7d90c.pdf

Brock 9-3H Well & Glenn 16-3H Well
The Brock 9-3H well (100% working interest) has averaged about 900 Barrels of oil equivalent
per day (“BOEPD”) (765 Barrels of oil per day (“BOPD”)) for the last eight days as the well has
been flowing back the completion stimulation fluid.
The Glenn 16-3H well (100% working interest) has averaged about 860 BOEPD (690 BOPD) for
the last eight days as the well has been flowing back the completion stimulation fluid.
Emery 17-2H Well
The Emery 17-2H well* (98.725% working interest) has averaged about 740 BOEPD (580
BOPD) for the last twenty-five days as the well has been cleaning up after the completion.
Wolf Regener, President and CEO, commented, “These latest three wells are currently adding
over 2,500 BOEPD to our previous production, which in the third quarter was 1,700 BOEPD.
Based on how these wells are currently performing, we anticipate easily exceeding our 2,700
BOEPD forecast exit rate at year-end. While early in the production cycle, the five wells we
drilled this year with our latest generation completion technique are showing some of the best
early results we have had in this field. This demonstrates the consistency that management
believes it can continue to achieve.
The very strong early results of the Brock 9-3H and Glenn 17-3H are occurring while the wells
are still flowing up casing as the tubing is scheduled to be installed in the coming weeks. We
are also extremely pleased with the 740 BOEPD 25-day initial production rate (“IP25”) from the
Emery 17-2H well, which is also still flowing up casing.
To put this excellent well performance in perspective, the forecasted 30-day proved curve case
(IP30) utilized by our third-party engineering firm for our December 31, 2021 reserve report was
388 BOEPD (“Reserve Report IP30”), while the initial 30-day type curve used by the Company’s
management for wells in the corridor assumes a 472 BOEPD IP30 rate (“Management IP30”).
The Emery 17-2H well 25-day IP, the Brock 9-3H well 8-day IP and the Glenn 17-3H 8-day IP
rates are all higher than the comparable IP day rates for both the Barnes 8-4H well that was
drilled earlier this year and the Glenn 16-2H well. The Glenn 16-2H well was drilled a few years
ago in the corridor and was completed with the first generation of our latest completion design.
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The Barnes 8-4H and the Glenn 16-2H wells ended up with IP30 rates that were about 1.5 and
1.6 times higher, respectively, than the Reserve Report IP30

[dan_s]

My initial review of this company is VERY GOOD. We will be publishing our initial profile on it next week.

It is a small-cap about the size of Hemisphere Energy that has a lot of upside in the Oklahoma SCOOP play.