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Kolibri Global Energy Inc. Provides Operations 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 latest wells in its Tishomingo field in Oklahoma.BARNES WELLSThe Barnes 6-31-2H and Barnes 6-4H wells (both 100% working interest) have been on production for approximately 30 days. The 1.5 mile lateral Barnes 6-31-2H well averaged 634 Barrels of oil equivalent per day (“BOEPD”) (529 barrels of oil per day (“BOPD”) over the last five days and had a 30-day average rate of 529 BOEPD (448 BOPD). The 1 mile lateral Barnes 6-4H well averaged 451 BOEPD (374 BOPD) over the last five days and had a 30-day average rate of 452 BOEPD (374 BOPD). The Barnes wells continue to produce high percentages of oil (~83%), much like the Lovina wells the Company drilled earlier this year.As expected, the Barnes 6-31-2H production rate has improved since the Company’s initial press release and the Barnes 6-4H production has remained qu Show less Read more
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