Kolibri Global Energy (KEI & KGEIF in US) Update - July 19

[dan_s]

Kolibri should be a double for us within six months. The successful T-Zone well could double the Company's recoverable reserves.

Watch this interview with the CEO: https://www.oilandgas360.com/kolibri/

KEI.TO closed at $6.12Cdn yesterday. My current valuation is $12.00Cdn and my valuation will go much higher if their Q3 and Q4 results match up with my forecast model, which you can download from our website.

My current valuation of KGEIF is $9.00US.

100% of Kolibri's oil & gas assets are in the Oklahoma SCOOP play. It is heavily weighted to oil.
Q1 production was 3,194 Boepd. This year's drilling program should push production up to over 5,000 Boepd by year end.
Production mix is approximately 73% oil, 16% NGLs and 11% natural gas.
Operating cash flow is funding 100% of the 2023 D&C Capex
PV10 Net Asset Value should be over $15/share by year end.