Energy Prospectus

Our next webinar is THIS Thursday, December 1st, with Kolibri Global Energy.
Register on the EPG website home page.

This Small-Cap is from the same contact in Canada that brought me Surge Energy and ROK Resources.
Kolibri's operations are in Central Oklahoma
Ardmore Basin - Oklahoma - Southern SCOOP region​
~17,200 net contiguous acres
Reserves are from the Caney Formation
Proved and Probable 53.3 million gross barrels of oil equivalent*
Proved, Probable, and Possible 76 million barrels of oil equivalent*
Caney is present over the entire acreage block

KOLIBRI GLOBAL ENERGY ANNOUNCES THIRD QUARTER
2022 NET INCOME OF US$9.3 MILLION AND ADJUSTED EBITDA OF US$6.9 MILLION
THOUSAND OAKS, CALIFORNIA, November 4, 2022 -

All amounts are in U.S. Dollars unless otherwise indicated:

THIRD QUARTER 2022 HIGHLIGHTS

 Adjusted EBITDA was $6.9 million in the third quarter of 2022 compared to $1.7 million in the third quarter of 2021, an increase of 296%. The increase was primarily due to an increase in production of 77% and an increase in average prices of 43%, partially offset by higher realized losses from commodity contracts in the third quarter of 2022

 Net income for the third quarter of 2022 was $9.3 million compared to net income of $0.6 million for the third quarter of 2021 due to increases in average prices and production and an unrealized gain on commodity contracts of $4.6 million in the third quarter of 2022

 Revenue, net of royalties was $9.9 million in the third quarter of 2022 compared to $3.9 million for the third quarter of 2021, which was an increase of 152%, as average prices increased by 43% and production increased by 77%

 Average netback from operations for the third quarter of 2022 was $55.16/boe, an increase of 54% from the prior year third quarter due to higher prices in 2022. Average netback including commodity contracts for the third quarter of 2022 was $49.69 per boe, an increase of 84% from the prior year third quarter

 Average production for the third quarter of 2022 was 1,702 BOEPD, an increase of 77% compared to third quarter 2021 production of 960 BOEPD. This increase is due to production from the Barnes 7-3H well and the Barnes 8-4H well

 Production and operating expenses per barrel averaged $7.77 per BOE in the third quarter of 2022 compared to $8.40 per BOE in the second quarter of 2021, a decrease of 8%. The decrease was due to increased production which reduced the per barrel fixed costs partially offset by higher production taxes due to an increase in prices

 In October 2022, the credit facility was redetermined and the borrowing base was increased from $20 million to $25 million. After the redetermination, the Company has $8.8 million of available borrowing capacity
-----------------------------
They will be completing several more wells in Q4, so 2022 exit rate should be over 2,000 Boepd.

New wells giving the company a nice production boost. Wolf Regener, President and CEO will be joining me on Thursday's webinar.
-----------------------------------
KOLIBRI GLOBAL ENERGY INC.
EMERY 17-3H WELL AVERAGED OVER 700 BOEPD IN LAST 10 DAYS OF PRODUCTION

Thousand Oaks, CALIFORNIA, November 28, 2022 – Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQX: KGEIF) is providing an update on the Emery 17-3H well (98.725% working interest), the Brock 9-3H well (100% working interest) and the Glenn 16-3H well (100% working interest), in its Tishomingo field in Oklahoma.

Emery 17-3H Well
The Emery 17-3H well has averaged about 704 Barrels of oil equivalent per day (“BOEPD”) (547 Barrels of oil per day (“BOPD”)) for the last ten days as the well has been flowing back the ompletion stimulation fluid.

Wolf Regener, President and CEO, commented. “We are extremely pleased about the early
performance of the Emery 17-3H well. These strong early results are occurring while the well is
still flowing up casing as the tubing is scheduled to be installed in the coming weeks.

To put the well performance in perspective, the forecasted 30-day proved curve case initial
production rate (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 17-3H well 10-day IP rate is higher than the comparable 10-
day rate 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. 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.

Based on the current performance of the well and the expectation that it will perform similarly to
our previous core area wells, we anticipate that the well will end up with an IP30 rate that is
much higher than the Reserve Report IP30 and above the Management IP30. However, there
can be no assurance as to what the Emery 17-3H well’s IP30 rate or ultimate productivity will
be.”

Brock 9-3H Well and Glenn 16-3H Well

The Brock 9-3H well and the Glenn 16-3H well have been successfully fracture stimulated, and
our team is currently drilling out the fracture stimulation plugs. It is anticipated that flow back on
both wells will start later this week.

About Kolibri Global Energy Inc.

Kolibri Global Energy Inc. is a North American energy company focused on finding and
exploiting energy projects in oil, gas, and clean and sustainable energy. Through various
subsidiaries, the Company owns and operates energy properties in the United States. The
Company continues to utilize its technical and operational expertise to identify and acquire
additional projects. The Company's shares are traded on the Toronto Stock Exchange under the
stock symbol KEI and on the OTCQX under the stock symbol KGEIF.