Each month I am interviewed on a Vancouver based podcast call the Ker Report (https://www.kereport.com/). Tomorrow, the CEO of KGEI is going to be on their show, which has thousands of listeners.
Kolibri has hired a Houston based IR firm that will help them get a lot more exposure.
KGEI closed at $3.59 today. My valuation is $6.50US.
Kolibri increased production 68% YOY in 2022 and I expect them to report 77% YOY production growth in 2023 within a few days.
THOUSAND OAKS, Calif., March 07, 2024--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the "Company") is a North American energy company with rapidly growing oil production in Oklahoma and low leverage. The Company has substantial reserves with 60 proved drilling locations and 180 proved, probable, and possible locations from the Company’s December 31, 2022 third-party reserve report. The Company is listed on the NASDAQ, ticker KGEI, as well as on the TSX, ticker KEI. The Company is pleased to announce that it will attend the 36th Annual Roth Capital Partners Conference on March 17th – 19th, 2024 in Laguna Niguel, California.
Wolf Regener, CEO and Gary Johnson, CFO, will be available for one-on-one meetings during the conference. Also, Wolf Regener is scheduled to participate in a panel on Monday March 18th, at 10:00 am. The Annual Roth Capital Partners Conference is expected to be attended by over 5,000 people and it is widely considered one of the largest gatherings of growth company executives and investors.
Kolibri Global Energy Inc. (KGEI) Update - Mar 13
Kolibri Global Energy Inc. (KGEI) Update - Mar 13
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Kolibri Global Energy Inc. (KGEI) Update - Mar 13
Note to Wolf. Don’t expect anyone to be impressed with their 2022 reserve report in March of 2024. These guys have to get their act together and up their game. I have a significant investment in this company and am being constructive albeit negative.
Re: Kolibri Global Energy Inc. (KGEI) Update - Mar 13
Dan,
On March 13, you posted that you expected KGEI "to report 77% YOY production growth in 2023 within a few days."
On 3/21, they announced their 2023 YE reserve report, https://www.kolibrienergy.com/_files/ugd/d30f6d_4ed980da308446a89dd32da717e6e3f1.pdf.
They apparently have not announced their 2023 production, or if they did, I missed it. Is that delay due to the delay in their YE financials being reported?
On 1/29, they issued 2024 guidance that included production of 3500 - 4,000 boe/d, which they characterized as a 25-33% increase over 2023.
What is your impression re whether that is a realistic estimate?
Is your valuation still $6.50 US?
Thanks.
On March 13, you posted that you expected KGEI "to report 77% YOY production growth in 2023 within a few days."
On 3/21, they announced their 2023 YE reserve report, https://www.kolibrienergy.com/_files/ugd/d30f6d_4ed980da308446a89dd32da717e6e3f1.pdf.
They apparently have not announced their 2023 production, or if they did, I missed it. Is that delay due to the delay in their YE financials being reported?
On 1/29, they issued 2024 guidance that included production of 3500 - 4,000 boe/d, which they characterized as a 25-33% increase over 2023.
What is your impression re whether that is a realistic estimate?
Is your valuation still $6.50 US?
Thanks.