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Kolibri Global Energy (KGEI) Provides Operational Update on Oklahoma Field [Yahoo! Finance]

Kolibri Global Energy Inc. - Common stock (KGEI) 
Company Research Source: Yahoo! Finance
Kolibri Global Energy Inc. (NASDAQ:KGEI) is an international energy company focused on finding and exploiting energy projects across oil, gas, and clean and sustainable energy. Kolibri Global Energy Inc. (NASDAQ:KGEI) provided an operational update on its Tishomingo field in Oklahoma on December 22. The company reported that the field is currently producing over 6,000 barrels of oil equivalent per day (boepd), following the addition of the new Barnes and Velin wells. According to the report, the two Barnes wells, in which Kolibri Global Energy Inc. (NASDAQ:KGEI) owns a 100% interest, are each producing approximately 465 boepd, with almost 85% of that production being oil. Moreover, the company believes that one of these wells is not yet fully contributing to production. Meanwhile, the two Velin wells, in which the company boasts a 97% interest, are witnessing lower-than-expected early production rates of approximately 200 boepd, with 72.5% of it being oil. The company is currentl Show less Read more
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