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Kolibri Global Energy Inc. Provides 2024 Guidance and Operations Update

Kolibri Global Energy Inc. (KGEI) 
Company Research Source: Business Wire
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is providing 2024 guidance and operations update for its Tishomingo field in Oklahoma.2024 GuidanceThe Company is providing its forecasted guidance for 2024 as follows:  2024 Forecast% Increase from2023 Guidance Range   Average production3,500 to 4,000 boepd25% to 33%Revenue(1)US$60 million to US$65 million18% to 23%Adjusted EBITDA(2)US$46 million to US$51 million18% to 24%CAPEXUS$33 million to US$39 million Net DebtUS$25 million to US$27 million Debt to EBITDA RatioBelow 1.0 (1) Assumptions include forecasted pricing for 2024 of WTI US $72/bbl, $2.60 Henry Hub, and NGL pricing of $28.40/boe and includes the impact of the Company’s existing hedges.(2)  Show less Read more
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