This is why I think you should all listen carefully to our webinar tomorrow.
Kolibri Global Energy Inc. | 5 | Third Quarter 2022
The Company initiated a five-well drilling program at the beginning of 2022. The Barnes 7-3H well (98.07%
working interest) well and the Barnes 8-4H well (98.07% working interest) started production in the second
quarter of 2022. < Pushing Q3 production up to 1,702 Boepd.
The Company finished drilling both the Brock 9-3H well (100% working interest) and the
Emery 17-2H well (99% working interest) in October and expects to finish drilling the Glenn 16-3H well (100%
working interest), which is the fifth well in the drilling program, by early November. The completion operations
for the Emery 17-2H is expected to start in early November with the other two wells to be completed concurrently
immediately after. 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. Average production for the nine months ended
September 30, 2022 was 1,563 BOEPD, an increase of 58% from the average production of 991 BOEPD in the
same period of 2021.
They are going to discuss the results and potential of their new wells. IP rates on the first two well are above the pre-drill type curves.
They have another 180 HZ development drilling locations in their Central Oklahoma SCOOP leasehold. Significant production growth can be funded entirely by operating cash flow.
Kolibri Global Energy Webinar on Dec 1
Kolibri Global Energy Webinar on Dec 1
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group