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