Financial Data and Key Metrics Changes - Production increased by 15% to 4,013 BOE per day in 2025, with a compound annual growth rate of 35% over the last three years [4][7] - Net revenue decreased by 3% to $56.9 million due to a 60% decline in prices, which offset the production increase [8] - Adjusted EBITDA decreased by 4% to $42.1 million compared to $44 million in 2024 [8] - Net income was $15.5 million with basic EPS of $0.44 per share, down from $18.1 million and $0.51 per share in 2024 [8] - Operating expenses per BOE decreased by 1% to $7.33 from $7.44 in 2024 [8] - Netback from operations decreased by 18% to $31.49 per BOE compared to $38.54 in the prior year [9] Business Line Data and Key Metrics Changes - The drilling program led to a 30% increase in approved developed producing reserves [5] - Production from new wells drilled in 2025, including four completed at the end of the year, increased December production to over 5,600 BOE per day [7] Market Data and Key Metrics Changes - The first year's price used in reserve evaluations dropped by 18% to $58 per barrel, while current oil prices are averaging in the 90s [5] Company Strategy and Development Direction - The company plans to continue drilling additional wells in the coming months to maintain growth [10] - The strategy includes a share buyback program, with nearly 650,000 shares repurchased for $3.2 million [9] - The company aims to enhance shareholder value while navigating the current oil price environment [10] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the drilling program for 2026, indicating a potential increase in wells drilled compared to previous plans [19] - The company is prepared to pivot quickly in response to market conditions due to its flexible operational structure [21] - Management noted that the timing of the recent oil price increase is benefiting cash flow [10] Other Important Information - The company has implemented a hedging program, with costless collars in place for 16,000 barrels of oil per day [60] - Approximately 50% of production remains unhedged, allowing for potential upside in pricing [64] Q&A Session Summary Question: How is the drilling program for this year being adjusted in light of recent price changes? - Management is cautiously optimistic and plans to start drilling additional wells, with flexibility to adjust based on market conditions [19][20] Question: What is the expected timeline for starting the drilling program? - The target is to start drilling around June, but management hopes to begin sooner if conditions allow [22] Question: Can you provide insight into the realized natural gas prices? - Management indicated that natural gas prices fluctuate and are difficult to forecast due to reliance on Exxon for pricing [26][30] Question: What is the expected capital expenditure for 2026? - Management anticipates a lower capital expenditure than in 2025, with plans to drill around three wells unless higher oil prices prompt additional drilling [55][57] Question: Can you summarize the hedging program for the first quarter and the full year? - The company has costless collars in place for the first quarter and has hedged a portion of production for the second half of the year [60][68]

Financial Data and Key Metrics Changes - Production increased by 15% to 4,013 BOE per day in 2025, with a compound annual growth rate of 35% over the last three years [4][8] - Net revenue decreased by 3% to $56.9 million, primarily due to a 60% decline in prices [8] - Adjusted EBITDA decreased by 4% to $42.1 million compared to $44 million in the previous year [8] - Net income was $15.5 million with basic EPS of $0.44 per share, down from $18.1 million and $0.51 per share in 2024 [8] - Operating expenses per BOE decreased by 1% to $7.33 from $7.44 in 2024 [8][9] - Netback from operations decreased by 18% to $31.49 per BOE compared to $38.54 per BOE in the prior year [9] Business Line Data and Key Metrics Changes - The drilling program led to a 30% increase in approved developed producing reserves [5] - Production from new wells completed in 2025 contributed to a December production rate exceeding 5,600 BOE per day [7] Market Data and Key Metrics Changes - The first year's price used in reserve evaluations dropped by 18% to $58 per barrel, contrasting with current average oil prices in the 90s [5] Company Strategy and Development Direction - The company plans to drill additional wells in the coming months to continue its growth trajectory [10] - The strategy includes a share buyback program, with nearly 650,000 shares repurchased for $3.2 million [9] - The company aims to maintain a cautious approach while being prepared to ramp up drilling if market conditions allow [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the drilling program and oil prices, indicating a flexible approach to adapt to market changes [19][20] - The company is positioned to benefit from elevated oil prices, which are expected to enhance cash flow [10] - Management emphasized the importance of maintaining a solid financial shape despite challenging oil prices [10] Other Important Information - The company has a hedging program in place, with costless collars for Q1 and additional hedges for the second half of the year [58][67] - The royalty percentage varies based on production location, averaging around 22% [73] Q&A Session Summary Question: How is the drilling program for this year being adjusted in light of recent price changes? - Management is cautiously optimistic and plans to start drilling additional wells, with flexibility to adapt based on market conditions [19][20] Question: Can you provide a ballpark figure for CapEx in 2026? - Management indicated that CapEx would likely be lower than the previous year unless more wells are drilled due to higher oil prices [55][57] Question: What is the status of the hedging program for Q1 and the full year? - The company has costless collars in place for Q1 and has hedged a portion of production for the second half of the year [58][67] Question: How might the royalty per barrel change in 2026? - The royalty percentage is expected to fluctuate based on production location and pricing, averaging around 22% [73]

Financial Data and Key Metrics Changes - Production increased by 15% to 4,013 BOE per day in 2025, with a compound annual growth rate of 35% over the last three years [4][6] - Net revenue decreased by 3% to $56.9 million due to a 60% decline in prices, which offset the production increase [7] - Adjusted EBITDA decreased by 4% to $42.1 million compared to $44 million in the previous year [8] - Net income was $15.5 million with basic EPS of $0.44 per share, down from $18.1 million and $0.51 per share in 2024 [8] - Operating expenses per BOE decreased by 1% to $7.33 from $7.44 in 2024 [8] - Netback from operations decreased by 18% to $31.49 per BOE compared to $38.54 in the prior year [9] Business Line Data and Key Metrics Changes - The drilling program led to a 30% increase in approved developed producing reserves [5] - Production from new wells completed in 2025 contributed to a December production rate exceeding 5,600 BOE per day [6] Market Data and Key Metrics Changes - The first year's price used in reserve evaluations dropped by 18% to $58 per barrel, while current oil prices are averaging in the 90s [5] - The company is benefiting from elevated oil prices, which are expected to positively impact cash flow [11] Company Strategy and Development Direction - The company plans to continue drilling additional wells and executing its growth strategy to enhance shareholder value [11][12] - The management is cautiously optimistic about the drilling program for 2026, with plans to start drilling in the coming months [19][23] - The company aims to maintain production levels and potentially increase them depending on market conditions and oil prices [56] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by lower oil prices in 2025 but emphasized solid financial performance and growth potential [11] - The company is prepared to pivot quickly in response to market changes due to its flexible operational structure [21][22] - Management expressed confidence that oil prices will remain higher than previous levels, regardless of geopolitical developments [20] Other Important Information - The company has repurchased nearly 650,000 shares for a total of $3.2 million as part of its share buyback program [9] - The company has hedged a portion of its production, with costless collars in place for the first quarter and additional hedges for the second half of the year [61][70] Q&A Session Summary Question: How is the drilling program for this year being adjusted in light of recent price changes? - Management is cautiously optimistic and plans to start drilling additional wells, with flexibility to adjust based on market conditions [19][20] Question: What is the expected timeline for starting this year's drilling program? - Management indicated a target start date around June, but hopes to begin sooner if conditions allow [23] Question: Can you provide insight into the realized natural gas prices and their fluctuations? - Management noted that natural gas prices are difficult to forecast due to variability in market conditions and sales handled by Exxon [27][31] Question: What is the expected capital expenditure for 2026? - Management suggested that capital expenditures would be lower than in 2025 unless more wells are drilled, with a goal of maintaining or slightly increasing production [56][58] Question: Can you summarize the hedging program for the upcoming quarters? - Management detailed the hedging strategy, including costless collars for the first quarter and additional hedges for the second half of the year [61][70]

Core Insights - Kolibri Global Energy reported a 15% increase in production to an average of 4,013 BOEPD in 2025, achieving a compound annual growth rate of 35% over the last three years [2][11] - The company generated $56.9 million in net revenue and $42.1 million in Adjusted EBITDA for 2025, reflecting a decrease of 3% and 4% respectively compared to 2024 [3][10] - The total proved reserves increased by 1% to 40.8 million barrels of oil equivalent, with a net present value (NPV10) of $440.7 million [3][10] Financial Performance - Net income for 2025 was $15.5 million ($0.44 per basic share), down from $18.1 million ($0.51 per basic share) in 2024, attributed to lower average prices and increased operating expenses [3][6] - Average production costs per barrel decreased by 1% to $7.33 per BOE in 2025, while netback from operations fell by 18% to $31.49 per BOE due to lower average prices [3][12] - Capital expenditures doubled to $62.6 million in 2025, driven by increased drilling activity and costs associated with operational challenges [14] Production and Revenue Breakdown - Oil revenues before royalties decreased by 8% to $63.0 million, while natural gas revenues increased by 126% to $3.9 million due to higher production and prices [10] - The average price per barrel fell by 16% to $49.22, impacting overall revenue despite increased production [3][10] - The company reported a 15% increase in production volume, with the new wells contributing significantly to the output [11][18] Operational Highlights - The company faced operational delays due to a drill pipe failure, which affected the fourth quarter production [4] - New wells that began production at the end of 2025 are expected to enhance cash flow and production figures in 2026 [4][5] - The 2026 drilling program is being finalized, with expectations for lower capital expenditures compared to 2025 [5]

Core Insights - Kolibri Global Energy Inc. reported a 30% increase in proved developed producing reserves due to a successful drilling program in 2025, with the net present value (NPV) of these reserves increasing by 10% to $189 million despite lower oil prices used in the evaluation [2][3]. Reserve Summary - Total proved reserves reached 40.8 million barrels of oil equivalent (BOEs), marking a 1% increase from the previous year [4]. - Proved plus probable reserves increased by 7% to 57.6 million BOEs, while proved plus probable plus possible reserves rose by 0.5% to 71.9 million BOEs [4][5]. - The NPV of total proved reserves before tax decreased by 18% to $440.7 million, and the NPV of proved plus probable reserves before tax decreased by 16% to $583.9 million [4][5]. Production and Growth - The company achieved a 35% compound annual production growth rate over the last three years and plans to continue its drilling program in 2026, with preparations for multiple pad locations to increase drilling activity if oil prices remain high [4][6]. - Approximately 1.5 million BOE of proved reserves were produced, with 29% of total proved reserves classified as proved developed producing [3][4]. Future Drilling Plans - The reserves evaluation included plans for drilling 34.85 net additional wells over the next four years, with probable reserves attributed to the drilling of 10.92 net additional wells over the next five years [6][4]. Financial Outlook - The company anticipates releasing its financial and operating results for 2025 on March 19, 2026, and will host a conference call for investors and analysts on the same day [17][18].

Core Insights - Kolibri Global Energy Inc. has released its first Sustainability Report, which is accessible on the company's website under the "Investor" section [1] Group 1: Sustainability Report - The report provides relevant information about the company's Environmental, Social, and Governance (ESG) initiatives [1] - It includes practices and related key performance indicators concerning sustainability [1]

Company Overview - Kolibri Global Energy (KGEI) is experiencing growth despite a challenging oil environment, focusing on improving yields at its Oklahoma shale locations [1] - The company has achieved improved cost efficiencies and scaled operating efficiencies, which have helped maintain a relatively strong adjusted EBITDA margin [1] Analyst Background - The analysis is conducted by Michael Del Monte, a buy-side equity analyst with expertise in technology, energy, industrials, and materials sectors [1] - Michael Del Monte has over a decade of experience in professional services across various industries, including oil and gas, oilfield services, midstream, and consumer discretionary [1]

Kolibri Global Energy (NasdaqCM:KGEI) Conference Summary Company Overview - **Company**: Kolibri Global Energy - **Ticker**: KGEI (also trades in Canada) - **Industry**: Oil and Gas Production - **Location**: Tishomingo Shale Oil Field, Oklahoma Key Points and Arguments Production and Reserves - Kolibri is an oil and gas producer with significant operations in Oklahoma, specifically in the Tishomingo Shale Oil Field [2][3] - The company drilled nine new wells in 2025, leading to a 24% increase in approved reserves in 2024 [3][4] - Current approved reserves include 40 million barrels of oil and 53 million barrels of approved probable reserves, as reported by Netherland Sewell [4][5] - The company’s production mix has shifted to 75% oil as of November, up from 66% in the third quarter [8][10] Financial Performance - Kolibri reported an enterprise value of over $170 million, with a market cap of approximately $130 million [5][10] - The company has maintained a strong cash flow, with Adjusted EBITDA growing from $6.5 million in 2021 to $44 million in 2024, despite lower oil prices [10][12] - The company aims to keep its debt around $35 million, with current debt reported at $42 million [4][10] Operational Efficiency - The company has improved drilling efficiency, reducing the time to drill a one-mile lateral from 30 days in 2016 to about 12 days by the end of 2024 [19][20] - Operating expenses are approximately $7.50 per barrel of oil equivalent, positioning Kolibri among the lower end of its peers [22][23] Strategic Plans - Kolibri plans to focus on drilling more McKinney wells in 2026 and is currently permitting multiple pads for efficient drilling [11][12] - The company is also exploring the Sycamore formation for potential additional reserves [14][15] - Share buybacks and debt reduction are prioritized, with plans to use excess cash flow for these purposes [27][28] Market Position and Valuation - The company believes it is undervalued, with a significant discrepancy between its trading price and the value of its approved reserves [5][39] - The stock price has experienced volatility due to fluctuations in oil prices and market conditions, particularly around the time of its inclusion in the Russell 2000 [39][40] Additional Important Insights - The company emphasizes the non-homogeneous nature of shale, which can lead to variability in well performance [41] - Kolibri's management team has extensive experience in the oil and gas sector, contributing to its operational and financial strategies [24][25] - The company is proactive in its approach to drilling and capital expenditure, allowing for flexibility in response to market conditions [29][30] This summary encapsulates the key points discussed during the Kolibri Global Energy conference, highlighting the company's operational strategies, financial performance, and market positioning within the oil and gas industry.

Core Insights - Kolibri Global Energy Inc. (NASDAQ: KGEI) has seen a significant increase in its share price, rising by 8.38% from December 22 to December 29, 2025, making it one of the top-performing energy stocks during that week [1]. Operational Update - The company provided an operational update on its Tishomingo field in Oklahoma, reporting a production rate exceeding 6,000 barrels of oil equivalent per day (boepd) following the addition of new wells [3]. - The Barnes wells, in which Kolibri holds a 100% interest, are producing approximately 465 boepd each, with nearly 85% of that production being oil. One of these wells is expected to contribute more to production in the future [4]. - The Velin wells, where the company has a 97% interest, are producing lower-than-expected rates of about 200 boepd, with 72.5% being oil. The company is currently installing tubing to enhance flow rates [4]. - The Lovina wells are performing well and demonstrating strong economics despite lower crude oil prices [4]. Management Commentary - Wolf Regener, President and CEO, expressed satisfaction with the field's performance, highlighting the high oil percentage in recent wells, which is improving the company's netbacks. He noted that the early production profiles of the Lovina and Barnes wells are promising, with expectations of similar results [5].

Core Viewpoint - Kolibri Global Energy Inc. has provided an operations update indicating significant production growth in its Tishomingo field, now exceeding 6,000 Barrels of oil equivalent per day (BOEPD) [1] Field Update - The Tishomingo field's current production rate is over 6,000 BOEPD, which includes the impact of offsetting wells that were temporarily shut in for fracture stimulations [1]