Emery

Kolibri Global Energy Inc. Provides 2024 Guidance and Operations Update

Retrieved on: 
Monday, January 29, 2024
Energy, Natural Resources, Mining, Minerals, Oil, Gas, NGL, Adjustment, BOPD, Tax, Emery, GAAP, Tonne, Depreciation, Fracture, Organization, Management, News, WTI, Henry Hub, Growth

The average production, revenue, and Adjusted EBITDA guidance for 2024 shows significant growth from the latest 2023 forecast numbers, even with a $72 WTI price assumption.

Key Points: 
  • The average production, revenue, and Adjusted EBITDA guidance for 2024 shows significant growth from the latest 2023 forecast numbers, even with a $72 WTI price assumption.
  • As the Company executes this strategy going forward, it will consider the implementation of a shareholder return policy in 2024.
  • Wolf Regener, President and CEO, commented, “We are looking forward to another strong year of revenue and cash flow growth for the Company, based on our 2024 forecast.
  • Like many other operators, the Company's operations were impacted by the below-freezing temperatures in January 2024.

Kolibri Global Energy Inc. Provides 2023 Guidance Update and Operations Update

Retrieved on: 
Friday, December 22, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Emery, Tax, Depreciation, Fracture, Public expenditure, Henry Hub, NGL, News, WTI, Adjustment, Growth, Organization, GAAP, Velin Alaykov, Bookkeeping

Refer to the section entitled “Non-GAAP Measures” of this news release

Key Points: 
  • Refer to the section entitled “Non-GAAP Measures” of this news release
    The average production, revenue and Adjusted EBITDA guidance show significant growth from 2022 even though this guidance has been revised lower from the Company’s previous guidance due to several factors.
  • The Company expects annual capital expenditures paid during the year to be in the range of US$47 million to US$49 million.
  • This guidance is being lowered due to actual well costs coming in substantially below budget.
  • The Company continues to anticipate that its Debt to Adjusted EBITDA ratio will be less than 1 times at the end of 2023.

Kolibri Global Energy Inc. Provides 30-Day Rates, Third Quarter 2023 Earnings Release Date, and Conference Call

Retrieved on: 
Tuesday, November 7, 2023
Alternative Energy, Energy, Oil, Gas, KGEI, KEI, Q&A, Interest, Emery, PST, TSX, Barnes

Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to provide an operations update for its Tishomingo field in Oklahoma.

Key Points: 
  • Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to provide an operations update for its Tishomingo field in Oklahoma.
  • The Barnes 7-4H well had a thirty-day production rate of 665 barrels of oil equivalent per day (BOEPD), with 76% being oil.
  • The Barnes 7-5H had a thirty-day production rate of 613 BOEPD, with 75% being oil.
  • The Emery 17-3H & 17-5H wells were drilled in the Lower Caney, and the Emery 17-4H was drilled into the T-zone.

Kolibri Global Energy Inc. Provides Operations Update

Retrieved on: 
Wednesday, September 6, 2023
Other Energy, Mining, Minerals, Utilities, Oil, Gas, Energy, Natural Resources, OTCQX, Technische Universität Darmstadt, TSX, Barnes, Emery, KEI

Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQX: KGEIF) is pleased to provide an operations update for its Tishomingo field in Oklahoma.

Key Points: 
  • Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQX: KGEIF) is pleased to provide an operations update for its Tishomingo field in Oklahoma.
  • The Barnes 7-4H and 7-5H wells were successfully drilled and cased in the Lower Caney formation safely and under budget.
  • The drilling rig is currently moving over to the Emery pad for the drilling of the next two Lower Caney wells and a T-zone well.
  • The first of these next three wells, the Emery 17-3H, is expected to begin drilling within the week.

Guild Names Dan Haley as New General Counsel

Retrieved on: 
Friday, April 7, 2023
Professional Services, Education, Legal, Human Resources, Continuing, Training, Workforce, General counsel, Emery, McDermott Will & Emery, Harvard Law School, Civil Service (United Kingdom), Middlebury College, Corporation, Corporate lawyer, Knowledge, Goodwin, Goodwin Procter, Management, Guild

Guild , the leader in opportunity creation for America’s workforce, today announced that Dan Haley will join the company as its new General Counsel and Corporate Secretary.

Key Points: 
  • Guild , the leader in opportunity creation for America’s workforce, today announced that Dan Haley will join the company as its new General Counsel and Corporate Secretary.
  • In this role, Haley will lead the company’s legal teams, overseeing all related functions, and report to Guild’s CEO, Rachel Romer.
  • Haley joins Guild from Sprinklr where he served as the company’s General Counsel and Corporate Secretary for three and a half years.
  • We’re thrilled to bring on a leader who’s committed to excellence and creating opportunity.”
    “I was immediately drawn to Guild for its mission—to unlock opportunity for America’s workforce—and its business model that enables it to truly deliver on that mission,” said Dan Haley, Guild’s General Counsel.

Kolibri Global Energy Inc. Achieves Exit Rate of Over 4,000 BOEPD; Exceeds Forecast by Over 45%

Retrieved on: 
Monday, January 9, 2023
Energy, Utilities, Oil, Gas, BOPD, Brock, OTCQX, IP30, Emery, Management, Reserve, TSX, KEI, Oil

The Company exited the year with a production rate over 4,000 BOEPD (barrels of oil equivalent per day).

Key Points: 
  • The Company exited the year with a production rate over 4,000 BOEPD (barrels of oil equivalent per day).
  • This is 1,300 BOEPD, or 48% higher than the Company’s forecasted exit rate released in May of 2022.
  • The 4,000 BOEPD exit rate was achieved without the production contribution of one legacy well, which had been reworked in late December.
  • However, there can be no assurance as to what the well’s IP30 rate or ultimate productivity will be.”

Kolibri Global Energy Inc. Brock 9-3H & Glenn 16-3H Wells Producing at a Combined Rate of 1,760 BOEPD for the Last 8 Days

Retrieved on: 
Tuesday, December 13, 2022
Oil, Gas, Energy, Reserve, IP30, Probability, Barnes, Toronto Stock Exchange, Corridor, Management, Brock, KEI, IP, OTCQX, Weather, Natural gas, Caney, Emery, News, Nature, BOPD, Safety, Progress Energy Inc, Public expenditure, TSX, Health, SEDAR, Risk, Oil

Wolf Regener, President and CEO, commented, These latest three wells are currently adding over 2,500 BOEPD to our previous production, which in the third quarter was 1,700 BOEPD.

Key Points: 
  • Wolf Regener, President and CEO, commented, These latest three wells are currently adding over 2,500 BOEPD to our previous production, which in the third quarter was 1,700 BOEPD.
  • Based on how these wells are currently performing, we anticipate easily exceeding our 2,700 BOEPD forecast exit rate at year-end.
  • However, there can be no assurance as to what each wells IP30 rate or ultimate productivity will be.
  • 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.

Kolibri Global Energy Inc. Emery 17-3H Well Averaged Over 700 BOEPD In Last 10 Days of Production

Retrieved on: 
Monday, November 28, 2022
Oil, Gas, Energy, IP30, Management, Nature, Toronto Stock Exchange, TSX, Caney, Probability, Risk, Corridor, Weather, Reserve, Progress Energy Inc, Natural gas, OTCQX, Emery, Barnes, SEDAR, News, Fracture, Health, KEI, Brock, Public expenditure, Safety, Oil

Wolf Regener, President and CEO, commented, We are extremely pleased about the early performance of the Emery 17-3H well.

Key Points: 
  • Wolf Regener, President and CEO, commented, We are extremely pleased about the early performance of the Emery 17-3H 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.
  • However, there can be no assurance as to what the Emery 17-3H wells IP30 rate or ultimate productivity will be.
  • 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.

Kolibri Global Energy Inc. Begins Completion Operations

Retrieved on: 
Thursday, November 3, 2022
Oil, Gas, Energy, Company, OTCQX, KEI, Industry, Probability, Brock, Work, Natural gas, Safety, MCF, Henry Hub, Weather, Nature, CEO, TSX, Toronto Stock Exchange, Progress Energy Inc, Risk, Health, NGL, Emery, Public expenditure, News, Oil

Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI, OTCQX: KGEIF) is pleased to announce that it has finished drilling the Glenn 16-3H well and has started completion operations on the Emery 17-2H well in the Companys Tishomingo field in Oklahoma.

Key Points: 
  • Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI, OTCQX: KGEIF) is pleased to announce that it has finished drilling the Glenn 16-3H well and has started completion operations on the Emery 17-2H well in the Companys Tishomingo field in Oklahoma.
  • Once they are finished, the completion operations for the Brock 9-3H and Glenn 16-3H will be started.
  • The completion operations for these two wells will be done concurrently.
  • 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.

Kolibri Global Energy Inc. Adds Second Drilling Rig

Retrieved on: 
Monday, October 3, 2022
Oil, Gas, Energy, Toronto Stock Exchange, Work, News, KEI, Progress Energy Inc, Industry, CEO, Health, Weather, Brock, Safety, OTCQX, Risk, TSX, Public expenditure, Emery, Company, Oil, Risk management

Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI, OTCQX: KGEIF) is pleased to announce that it has brought in a second drilling rig to drill the Emery 17-2H well located in the Companys Tishomingo field in Oklahoma.

Key Points: 
  • Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI, OTCQX: KGEIF) is pleased to announce that it has brought in a second drilling rig to drill the Emery 17-2H well located in the Companys Tishomingo field in Oklahoma.
  • The other drilling rig is currently drilling the lateral portion of the Brock 9-3H, with oil and gas shows as expected.
  • After drilling the Brock 9-3H, the rig will slide over to drill the Glenn 16-3H from the same pad.
  • About Kolibri Global Energy Inc.
    Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy.