Core Viewpoint - Kolibri Global Energy Inc. has revised its 2025 operational guidance downward due to lower oil prices and delays in well production, but still anticipates significant growth in production, revenue, and Adjusted EBITDA compared to 2024 [2][3][6] Guidance Update - The average production, revenue, and Adjusted EBITDA guidance for 2025 has been adjusted lower from previous forecasts due to lower than expected oil prices, which averaged less than $70 per barrel [2] - The company expects annual capital expenditures to be between $55 million and $58 million, higher than originally forecasted due to redrilling and cost increases [3] - Net debt is projected to be between $46 million and $48 million, also higher than previously estimated, primarily due to the timing of well production [3] - Cash flow from production, including from the new wells, is expected to facilitate debt paydowns of $8 million to $10 million in the first quarter of 2026 [3] Operations Update - The Barnes 6-31-2H well was successfully drilled under budget, and completion operations will commence once the redrill of the Barnes 6-31-3H well is completed [4] - The four Lovina wells completed earlier this year are producing at a higher oil rate of 80% and are declining at lower rates compared to other wells [4][7] - The Forguson 17-20-3H well is showing a 21% increase in production since the last update, currently averaging about 195 barrels of oil equivalent per day [5] Management Commentary - The President and CEO expressed disappointment over the drilling program's delay due to a single component failure but noted that it will not affect the ultimate productivity of the wells [6] - The company anticipates that the new wells will begin production in December, significantly impacting production in the first quarter of 2026 [6] - The Lovina wells are expected to yield higher netbacks due to their higher oil rates [7]

Summary of Kolibri Global Energy (KGEI) Conference Call Company Overview - **Company Name**: Kolibri Global Energy Inc. - **Ticker Symbols**: KGEI (Nasdaq), KEI (Toronto Exchange) [5][28] - **Industry**: Oil and Gas Production - **Location**: Oklahoma, operating primarily in the Tishomingo Shale Oil Field [2][28] Key Financial Highlights - **Market Capitalization**: Approximately $193 million [5] - **Net Debt**: Approximately $30 million [5] - **Enterprise Value**: About $200 million [5] - **Line of Credit**: $65 million with about $30 million drawn [3] - **Cash Flow Growth**: Anticipated continued growth in cash flow [3] - **Approved Reserves**: 40 million barrels of oil equivalent, with a value of $535 million [6] - **Production Guidance for 2025**: Expected growth of 29% to 47% over 2024 [10] Operational Insights - **Drilling Depth**: Vertical depth between 8,500 to 11,000 feet, with horizontal drilling lengths increasing from one mile to one and a half to two miles [2][10] - **Production Composition**: Approximately 70% oil, with liquids production around 85% [10] - **Recent Drilling Success**: Four mile and a half lateral Caney wells (Lovina wells) producing 82% oil [11] - **Future Drilling Plans**: Two additional mile and a half lateral Caney wells (Barnes wells) planned for completion in October [12] Financial Performance - **Adjusted EBITDA**: Forecasted between $58 million to $71 million for the current year, up from $44 million in 2024 [12] - **Capital Expenditure**: Estimated between $48 million to $53 million [12] - **Share Buyback Program**: Renewed program with over half a million shares repurchased at approximately $5.20 each [13] Market Position and Valuation - **Debt to EBITDA Ratio**: 0.64, indicating low leverage [5] - **Operating Netbacks**: Positioned in the upper end of profitability per barrel of oil equivalent [24] - **Per Share Value**: Estimated at $15 to $19 based on reserves, compared to trading around $5.40 to $5.50 [25] Strategic Outlook - **Future Growth**: Focus on internal growth and potential external acquisitions that are accretive to shareholders [28] - **Infrastructure**: Proximity to gathering systems and established infrastructure supports operational efficiency [16][19] - **Management Experience**: Strong management team with extensive experience in oil and gas operations [26][27] Additional Considerations - **Market Recognition**: Company believes it has not yet fully realized its market value despite recent drilling successes [7] - **Potential Upside**: Additional 3,000 acres on the east side and other intervals not yet included in reserve reports present future opportunities [18][19] - **Operational Efficiency**: Improved drilling times and reduced costs, with recent wells drilled in an average of 10.5 days [21] This summary encapsulates the key points from the Kolibri Global Energy conference call, highlighting the company's operational performance, financial health, and strategic direction.

Core Viewpoint - Kolibri Global Energy Inc. has announced its intention to initiate a normal course issuer bid to repurchase up to 1,768,841 common shares, representing approximately 5% of its total outstanding shares as of September 10, 2025 [1]. Group 1 - The Toronto Stock Exchange has accepted the notice filed by Kolibri Global Energy Inc. regarding the issuer bid [1]. - The total number of common shares issued and outstanding is 35,376,833 [1]. - The repurchase will be conducted through the facilities of the Toronto Stock Exchange [1].

Kolibri Global Energy Inc. Conference Summary Company Overview - **Company Name**: Kolibri Global Energy Inc. (Ticker: KGEI) - **Industry**: Oil and Gas Production - **Location**: Oklahoma, specifically the Tishomingo Shale Oil Field - **Market Capitalization**: Approximately $193 million based on a share price of around $40 with 35.5 million shares outstanding [4] Core Business and Financials - **Production Method**: Drilling horizontal wells, with recent advancements extending drilling lengths from 1.5 miles to 2 miles [2] - **Reserves**: - Proved reserves: Approximately 40 million barrels - Proved probable reserves: Approximately 53 million barrels - 22% of reserves are in the proved developed producing category, while 78% are undeveloped [3][4] - **Debt**: Approximately $27 million as of the end of the third quarter, with a $65 million line of credit from Bank of Oklahoma [5] - **Cash Flow**: Strong cash flow growth, fully funded for the 2025 drilling program using existing cash flow and credit [3] Production and Operations - **Production Mix**: Transitioned from a natural gas producer to approximately 70% oil production, with only 16% being natural gas [8] - **Recent Drilling Success**: The Lobina wells produced about 82% oil, significantly higher than the company’s average [9] - **Future Drilling Plans**: Plans to complete two additional wells and continue drilling in the fourth quarter [10][34] Financial Performance - **Adjusted EBITDA**: Showing consistent growth since the resumption of drilling activities [9] - **Net Operating Income**: Increasing, despite fluctuations in oil and gas prices [11] - **Operating Costs**: Competitive operating expenses per barrel, leading to high netbacks [19][20] Market Position and Strategy - **Valuation Discrepancy**: Noted disconnect between current market valuation and the estimated value of reserves, which is based on higher oil price projections [5] - **M&A Activity**: Actively looking for accretive acquisitions but has not found suitable opportunities yet [24][42] - **Share Buyback Program**: Authorized a share buyback program, having repurchased over 500,000 shares [10] Risk Management and Future Outlook - **Oil Price Sensitivity**: Acknowledgment of potential lower oil prices in 2026, with plans to adjust drilling and completion programs accordingly [25][26] - **Operational Flexibility**: Ability to quickly adjust drilling plans based on market conditions, which is a strategic advantage of being a smaller company [32][42] - **Future Catalysts**: Anticipation of further increases in approved reserves and production from new wells [24] Management and Team - **Experienced Leadership**: The management team has extensive experience in oil and gas operations, finance, and engineering [20][22] - **Board Composition**: Includes members with significant experience in capital markets and oil and gas operations, enhancing strategic decision-making [23] Conclusion - Kolibri Global Energy Inc. is positioned for growth with a strong operational focus, low debt levels, and a commitment to shareholder returns through share buybacks and potential acquisitions. The company is actively managing risks associated with fluctuating oil prices while continuing to expand its drilling activities and improve production efficiency [24][60]

Corporate Update - Kolibri Global Energy Inc. is providing updates on upcoming investor conferences and its Normal Course Issuer Bid [1] - The company has repurchased 267,637 common shares at an average price of US$6.38 per share in 2025 [4] Investor Conferences - Mr. Regener will present at the Sidoti September Virtual Investor Conference on September 18, 2025, at 3:15 PM Eastern Time [2] - Mr. Regener is also scheduled to present at the Lytham Partners Investor Conference on September 30, 2025, at 12:30 PM ET [3] Operations Update - The initial thirty-day average production rates for the Lovina wells in Oklahoma are as follows: Lovina 9-16-1H at 565 BOEPD, Lovina 9-16-2H at 629 BOEPD, and Lovina 9-16-3H at 510 BOEPD [8] - Average production for the second quarter of 2025 was 3,220 BOEPD, a 3% increase from 3,128 BOEPD in the second quarter of 2024 [9]

Core Viewpoint - Kolibri Global Energy Inc. is facing a shareholder requisition to set a maximum authorized share count at 37,367,894, reflecting investor concerns over potential dilution from new share issuances [1][2]. Group 1: Shareholder Requisition - The requisition was filed under section 167 of the British Columbia Business Corporations Act by CDS & Co. on behalf of TFG Asset Management UK LLP, the beneficial owner of the stock [2]. - Kolibri currently has 35.38 million shares outstanding on an undiluted basis and 36.86 million on a fully diluted basis [2]. Group 2: Special General Meeting - In response to the requisition, the company has scheduled a special general meeting of shareholders for November 25, 2025, with details on the record date and meeting logistics filed on SEDAR+ [3]. Group 3: Governance and Capital Discipline - Kolibri, as a North American oil and gas exploration and production company, is navigating this shareholder push as part of broader governance oversight, which is common in the energy sector [4]. - The outcome of the meeting could influence Kolibri's flexibility in raising capital through equity issuance, a common financing tool for junior and mid-cap energy companies [5]. - This move reflects growing investor attention to capital discipline and shareholder protection in the upstream oil and gas sector [5].

Core Viewpoint - Kolibri Global Energy Inc. has received a requisition from CDS & Co. on behalf of certain participants holding common shares, which indicates potential shareholder actions or changes in governance [1] Group 1 - The requisition was made pursuant to section 167 of the Business Corporations Act (British Columbia), highlighting the legal framework under which the request was submitted [1] - The participants involved are acting as custodians for TFG Asset Management UK LLP, indicating institutional interest in the company's governance [1]

Financial Data and Key Metrics Changes - Average production increased by 3% to 3,220 BOE per day compared to 3,128 in the prior year quarter, attributed to wells drilled and completed in the last six months of 2024 [7] - Net revenue decreased by 22% to $10.8 million compared to the prior year quarter due to a 24% decrease in average prices and lower oil production from shut-in wells [8] - Adjusted EBITDA was $7.7 million, a decrease of 23% from $10 million in the prior year quarter, primarily due to lower prices [8] - Net income was $2.9 million with basic EPS of $0.08 per share, down from $4.1 million or $0.11 per share in the prior year quarter [9] - Year-to-date average production increased by 13% to 3,646 BOE per day compared to 3,216 in the prior year period [10] - Year-to-date net income was $8.6 million with basic EPS of $0.24 per share, up from $7.4 million and $0.21 per share in the prior year period [10] Business Line Data and Key Metrics Changes - Production from the field was strong, with over 3,200 BOE per day despite temporarily shutting in about 540 BOE per day for well completions [5] - Operating expenses remained low at approximately $7.15 per BOE [5] - The company brought on four Lovina wells with high oil percentages, which are still cleaning up fracture stimulation fluid [5] Market Data and Key Metrics Changes - The company experienced a 24% decrease in average prices, impacting net revenue significantly [8] - The net back from operations decreased to $29.66 per BOE compared to $40.40 in the prior year quarter due to lower average prices [9] Company Strategy and Development Direction - The company plans to bring on nine new wells in the second half of the year, anticipating significant increases in production and cash flow [12] - There is an ongoing strategy to return capital to shareholders through share buybacks, with approximately 130,000 shares purchased in July [14] - The company aims to continue building and growing value for shareholders while actively participating in conferences and presentations to enhance visibility [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate good returns even in a $60 oil price environment, indicating a commitment to proceed with drilling plans [17][18] - The management is optimistic about the performance of the new wells and their impact on cash flow, especially following the completion of the last wells in December 2024 [13] Other Important Information - The company's credit facility was redetermined, increasing the borrowing base by 30% from $50 million to $65 million, providing more flexibility in managing working capital [11] Q&A Session Summary Question: Thoughts on original production guidance for the year given the timing of the Laveena wells - Management will monitor production and adjust guidance if necessary, depending on well performance and price conditions [16] Question: Any changes to near-term capital allocation plans due to oil price environment - Currently, the company plans to proceed with drilling as the economics of the wells remain favorable, but they have the option to delay completions if prices drop significantly [17][18] Question: Insights on the higher liquids content from the Laveena wells - The higher liquids content was encouraging and slightly better than anticipated, which may influence future drilling and completion strategies [19][21] Question: Status on the Fortis and East Side acreage - It is too early to provide insights, but initial completions went well, and the company is awaiting flowback results [23]

Financial Performance - Kolibri Global Energy Inc. reported quarterly earnings of $0.08 per share, matching the Zacks Consensus Estimate, but down from $0.11 per share a year ago [1] - The company posted revenues of $11.11 million for the quarter, missing the Zacks Consensus Estimate by 2.86%, and down from $13.92 million year-over-year [2] - Over the last four quarters, Kolibri has surpassed consensus EPS estimates three times, but has only topped revenue estimates once [2][3] Market Performance - Kolibri Global Energy Inc. shares have increased approximately 13.9% since the beginning of the year, outperforming the S&P 500's gain of 8.6% [3] - The company's current Zacks Rank is 4 (Sell), indicating expectations of underperformance in the near future due to unfavorable estimate revisions [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $18.19 million, and for the current fiscal year, it is $0.59 on revenues of $69.36 million [7] - The outlook for the Alternative Energy - Other industry, where Kolibri operates, is currently in the bottom 33% of over 250 Zacks industries, which may impact stock performance [8]

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings and revenues for Kolibri Global Energy Inc. in the upcoming earnings report, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus estimate for Kolibri Global Energy Inc. is an earnings per share (EPS) of $0.08, reflecting a year-over-year decrease of 27.3% [3]. - Expected revenues are projected at $11.44 million, down 17.8% from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 18.92%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -25.00% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [9][10]. - Kolibri Global Energy Inc. currently holds a Zacks Rank of 4, making it challenging to predict an earnings beat [12]. Historical Performance - In the last reported quarter, Kolibri Global Energy Inc. exceeded the consensus EPS estimate of $0.13 by delivering $0.16, resulting in a surprise of +23.08% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Conclusion - Kolibri Global Energy Inc. does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, but other factors should also be considered by investors [17].