Kolibri Global Energy (KGEI) Update - Jan 22

[dan_s]

KGEI is on a roll. It is going to report a 2024 exit rate near 5,000 Boepd and it has a incredible amount of "Running Room" in Central Oklahoma.

The fact that Exxon is going to join them on a Caney horizontal well this year is SIGNIFICANT.

I expect their year-end report to show a PV10 net asset value of over $12/share.

You pay me the Big Bucks to find small-caps with this much upside BEFORE the Wall Street Gang figures it out. KGEI will be drawing a lot more attention soon.

[dan_s]

I have updated my forecast/valuation model for KGEI using the top of their production guidance for 2025 of 5,100 Boepd.

I found out that their production guidance for 2025 is based the old type curves for Caney horizontal development wells. The most recent three Alicia Renee 1.5 mile laterals continue to produce at rates much higher than the old type curves.

Kolibri should be completing 4 new 1.5 mile laterals in mid-Q2 and a total of 8.5 net new wells in 2025. If the new wells have production anywhere close to the Alicia Renee horizontal wells, Kolibri's production should jump to over 6,000 Boepd in Q3 2025 and have a 2025 exit rate over 7,000 Boepd.

My updated forecast model has been posted to the EPG website. My current valuation is $9.50/share.

If actual new well results are close to the production rates of the Alicia Renee wells, my valuation will be close to $12.00/share.

Kolibri's year-end 3rd party reserve report should show a PV10 Net Asset Value of close to $12.00/share.