Kolibri Global Energy (KGEI) Conference Summary Company Overview - **Company Name**: Kolibri Global Energy - **Ticker Symbols**: KEI (Toronto Stock Exchange), KGEI (NASDAQ) - **Industry**: Oil and Gas Production - **Location**: Oklahoma, specifically the Tishomingo Shale Oil Field - **Market Capitalization**: Approximately $145 million USD with 35.4 million shares outstanding [4][4] - **Debt**: Net debt at the end of the last quarter was $42 million, with a debt to adjusted EBITDA ratio around 1 [4][4] Key Financial Metrics - **Proved Reserves**: Over 40 million barrels of oil equivalent, with a 24% increase in 2024 due to drilling activities [3][3] - **Production Mix**: Oil production increased to 66% of total production, with September's mix reaching 71% [7][7] - **Average Production Guidance for 2025**: Expected to be between 4,000-4,400 BOE per day, representing a 15%-27% increase year-over-year [10][10] - **Adjusted EBITDA**: Expected to grow by 4%-14% despite lower oil prices [10][10] - **Capital Expenditures (CapEx)**: Estimated at $55 million-$58 million for the year [10][10] Operational Highlights - **Drilling Efficiency**: Transitioned from one-mile laterals to mile-and-a-half and two-mile laterals, improving access to reservoirs and potentially increasing production rates [12][12][17][17] - **Production Growth**: Continuous drilling program with new wells expected to come online in December, contributing to production growth [9][9][10][10] - **Operating Expenses**: Positioned at the lower end compared to peers, contributing to better netbacks [19][19][20][20] Strategic Insights - **Hedging Strategy**: Utilizes costless collars and puts to protect cash flow against price declines [35][35] - **Debt Management**: Plans to reduce debt by $8 million-$10 million in the first quarter of 2026, while maintaining flexibility in drilling programs based on oil prices [36][36][38][38] - **Share Buybacks**: Approximately 570,000 shares repurchased, with plans to continue buybacks when advantageous [44][44] Market Outlook - **Oil Price Predictions**: Anticipates oil prices to recover to the high $60s to low $70s in the near future, despite current volatility [40][40] - **Production Sustainability**: Future production growth will depend on the number of wells drilled and performance of existing wells [25][25][27][27] Management and Governance - **Management Team**: Experienced leadership with extensive backgrounds in oil and gas operations, finance, and engineering [20][20][21][21] - **Board of Directors**: Composed of individuals with significant experience in the oil and gas sector, enhancing strategic decision-making [21][21][22][22] Additional Considerations - **Contingent Resources**: Exploration of additional formations such as the Sycamore and T Zone, which are not yet included in the reserve report [12][12][14][14] - **Regulatory Environment**: Company is navigating shareholder concerns regarding recent filings and maintaining compliance with regulatory requirements [41][41][42][42] This summary encapsulates the key points from the Kolibri Global Energy conference, highlighting the company's financial health, operational strategies, and market outlook.

Group 1 - BW Energy has contracted the Deepsea Mira semi-submersible rig for drilling the Kharas appraisal well on the Kudu licence offshore Namibia, scheduled for the second half of 2025 [1] - The contract is part of a rig-sharing arrangement with Rhino Resources Ltd., providing access to an in-country rig and an experienced services team with a strong track record in the Orange Basin [2] - BW Energy operates the Kudu production licence with a 95% working interest, while NAMCOR E&P holds the remaining 5% carried interest [3] Group 2 - BW Energy is a growth E&P company targeting proven offshore oil and gas reservoirs through low-risk phased developments, with access to existing production facilities to reduce time to first oil and cash flow [4] - The company's assets include a 73.5% interest in the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, and a 95% interest in the Maromba field in Brazil, among others [4] - Total net 2P+2C reserves and resources were 599 million barrels of oil equivalent at the start of 2025 [4]

Acquisition Highlights - EON Resources Inc acquired South Justis Field (SJF) in Lea County, New Mexico on June 20, 2025[4] - The purchase price was 1 million shares of Class A Common Stock[4] - The acquisition is estimated to generate $1.2 million in net annual cash flow[4] - The working interest is 94% and the net revenue interest is 82%[4] South Justis Field Profile - The field spans 5,360 acres with 208 producing and injection wells[5] - Current production is 108 barrels of oil per day (BOPD) from 19 actively producing wells[5] - Original Oil in Place (OOIP) was 210 million barrels of oil, with 30 million barrels produced to date[5] - EON believes there are 15 million barrels of recoverable reserves[5] Economics and Development Plans - Reactivation of 30 additional wells is planned, with an expected average production of 5-10 BOPD per well[8] - The target is to yield field-wide production of 250 to 400 BOPD[8] - At a stock price of $0.50, the price per flowing barrel is $5,000[10] - Reactivating half of the targeted 30 wells is projected to increase net monthly production by 2,494 barrels, resulting in incremental cash flow of $89,751[10] Summary - The acquisition increases Oil in Place by 20% and acreage in the Permian by 33%[12] - It also increases production by 10%[12]