Kolibri Global Energy Inc. Provides Guidance and Corporate Update

Executive Summary

• Kolibri Global Energy revises its 2025 outlook, projecting average production of 4,000‑4,400 boepd (up 15%‑27% YoY), revenue of $61‑$65 million (+4%‑11%), and Adjusted EBITDA of $46‑$50 million (+4%‑14%).
• The guidance is lowered from prior expectations due to lower oil price assumptions and a drill‑pipe failure that forced the redrill of the Barnes 6‑31‑3H well, delaying four new wells slated for Q4 2025.
• Capital expenditures are now expected at $55‑$58 million for 2025, with net debt rising to $46‑$48 million; the company plans $8‑$10 million of debt paydowns in Q1 2026 from cash flow generated by the new wells.

Key Details

• Production Guidance (2025): 4,000–4,400 boepd, representing a 15%–27% increase over FY 2024.
• Revenue Guidance (2025): US$61 M–US$65 M, a 4%–11% uplift YoY.
• Adjusted EBITDA Guidance (2025): US$46 M–US$50 M, a 4%–14% increase YoY.
• Assumptions: WTI $64/bbl, Henry Hub $3.70/MMBtu, NGL $26/boe; includes impact of existing hedges.
• Reason for Guidance Revision:
• Oil price forecast lowered (original guidance used $70‑$78/bbl).
• Drill‑pipe failure in Barnes 6‑31‑3H caused the assembly to become stuck; redrill required, delaying fracture stimulations for four wells in the same area.
• Capital Expenditures (2025): US$55 M–US$58 M, higher than previously forecast due to redrill costs, weather impacts, and cost inflation.
• Net Debt Forecast (2025): US$46 M–US$48 M, up from prior estimate because of delayed production start.
• Debt Paydown Plan: Anticipated cash flow from the four new wells will enable $8 M–$10 M debt reductions in Q1 2026.
• Operations Update:
• Barnes 6‑31‑2H well drilled under budget; completion to begin after redrill of 6‑31‑3H.
• Velin 12‑9 and 12‑10 wells already drilled, pending completions.
• Four Lovina wells continue producing at ~80% of peak oil rates with slower decline than other wells.
• Forguson 17‑20‑3H well shows a 21% production increase since last update; currently averaging ~195 boe/d (106 bbl oil).
• CEO Comment: Wolf Regener noted the rarity of a redrill in over 11 years, expressed disappointment over the delay, but affirmed that ultimate productivity will not be affected and expects the wells to start production in December, boosting Q1 2026 output.

Notable Quotes

“It is unfortunate and disappointing when a single component failure impacts the Company’s drilling program… I am glad that it won’t affect the ultimate productivity of the well.” – Wolf Regener, President & CEO

All non‑material boilerplate, forward‑looking disclaimer text, and company background have been omitted for brevity.