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Stock impact report

Kolibri Global Energy Inc. Provides Operations and Corporate Update

Kolibri Global Energy Inc. - Common stock (KGEI) 
Company Research Source: Business Wire
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or Kolibri”) (TSX: KEI, NASDAQ: KGEI) is pleased to provide an operations update on its upcoming wells in its Tishomingo field in Oklahoma and 2026 forecast based on the Company’s current drilling program.Operations & Corporate UpdateThe Company has accelerated the timeline on its previously announced plan to drill three 1.5-mile lateral wells, the Clifton Mac 11-14-1H, Clifton Mac 11-14-2H, and Clifton Mac 11-14-3H. The multi-well pad has been built, surface pipe for the three wells is being installed, and the drilling rig is expected to move in later this week to begin drilling next week.Based on this new drilling timeline, the Company is forecasting the following results, assuming a $74 oil price for the rest of the year. 2026 BaseForecast% Increase fromFiscal Year 2025   Average production4,400 to 4,800 boepd10% to 20%Revenue(1)US$74 million to US$79 million30% to 39%Adjusted EBITDA(2)US$55 milli Show less Read more
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