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Kolibri Global Energy Inc. Announces 2025 Proved Developed Reserve Increase of 30% and Year End Earnings Call [Yahoo! Finance]

Kolibri Global Energy Inc. (KGEI) 
Company Research Source: Yahoo! Finance
THOUSAND OAKS, Calif., March 18, 2026 BUSINESS WIRE )--Kolibri Global Energy Inc. (the " Company " or " KGEI ") (TSX: KEI, NASDAQ: KGEI) is providing the results of its December 31, 2025, independent reserves evaluation. All amounts are in US$ unless otherwise stated. Wolf Regener, President and CEO, commented: "We are very pleased that our proved developed producing reserves increased by 30 percent due to our successful 2025 drilling program. Proved developed producing reserves valuation (NPV discounted at 10%) increased by 10% to $189 million, despite the much lower oil prices used in this reserve report. The 2026 oil price used in the reserve report is $58 a barrel which is 24% below the previous year's report of $76 a barrel. This is in stark contrast to current oil prices, which are in excess of $90 per barrel. "Total proved reserves increased 1% in 2025, even though we drilled almost all of our wells in Proved locations and produced approximately 1.5 million barrels of oil Show less Read more
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