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GGA 5.60 +5.7% WGX 4.30 −2.9% FL 0.405 −1.2% SSRM 36.04 −0.9% CD 0.240 +4.3% GEN 0.070 +0.0% ALS 56.03 −2.5% LIFT 3.11 −1.3% NTR 94.50 +0.2% ICON 0.045 +0.0% LMG 0.450 +0.0% NZP 0.045 −10.0% RJX 0.035 +16.7% PRU 4.57 −1.5% MOO 0.720 +0.0% GGA 5.60 +5.7% WGX 4.30 −2.9% FL 0.405 −1.2% SSRM 36.04 −0.9% CD 0.240 +4.3% GEN 0.070 +0.0% ALS 56.03 −2.5% LIFT 3.11 −1.3% NTR 94.50 +0.2% ICON 0.045 +0.0% LMG 0.450 +0.0% NZP 0.045 −10.0% RJX 0.035 +16.7% PRU 4.57 −1.5% MOO 0.720 +0.0%
Production / Operations

Kolibri Global Energy Inc. Provides Operations Update

By The Northwire Desk — AI Analysis Jan 13, 2026 · 03:45 KEI · 4.73 KOLIBRI GLOBAL ENERGY INC.
KEI · Price

Executive Summary

  • Kolibri’s Barnes wells (6‑31‑2H and 6‑4H) posted strong early production, averaging 634 BOEPD and 451 BOEPD respectively, with oil percentages ~83% and rates ≈22% higher than the earlier Lovina wells.
  • Velin wells (12‑9H and 12‑10H) are improving after delayed flowback, delivering 283 BOEPD and 233 BOEPD over the last five days, respectively.
  • Management highlighted a high oil mix (>75% in November), expects lower decline rates, and plans to continue share buybacks and repay its line of credit in Q1 2026.

Key Details

  • Barnes 6‑31‑2H (100% WI) – 30‑day average: 634 BOEPD (529 BOPD); last‑5‑day average: 529 BOEPD (448 BOPD).
  • Barnes 6‑4H (100% WI) – 30‑day average: 452 BOEPD (374 BOPD); last‑5‑day average: 451 BOEPD (374 BOPD).
  • Both Barnes wells produce ~83% oil, matching Lovina well performance and supporting higher netbacks.

  • Production rates are ≈22% above comparable Lovina lateral averages at the same production life stage.

  • Velin 12‑9H (97% WI) – 30‑day average: 257 BOEPD (187 BOPD); last‑5‑day average: 283 BOEPD (198 BOPD).

  • Velin 12‑10H (97% WI) – 30‑day average: 176 BOEPD (125 BOPD); last‑5‑day average: 233 BOEPD (166 BOPD).

  • Velin wells experienced longer shut‑in after fracture stimulation due to proximity to Barnes wells; this may have contributed to lower early rates and slower cleanup.

  • Geological note: Velin interval shows increased natural healed fractures and small‑scale faulting, likely linked to adjacent structural uplift.

  • Management Commentary (Wolf Regener, President & CEO):

  • High oil percentage improves netbacks; November oil mix >75% vs. Q3 mix 66%.
  • Anticipated lower decline rates similar to Lovina wells, supporting strong IRR forecasts disclosed in Dec 2025 release.

  • Ongoing share repurchases and intention to pay down the line of credit in Q1 2026.

  • Investor Relations Activities:

  • Participation in Sidoti Virtual Investor Conference (Jan 21‑22 2026).
  • Appearance at Renmark Virtual Non‑Deal Roadshow (Jan 28 2026, 9 AM PT).

Notable Quotes

“It is great to see the wells improve further from our early press release and that the Barnes wells have the high oil percentage similar to the Lovina wells we drilled earlier in the year, which helps improve the Company’s netbacks.” – Wolf Regener, President & CEO

Materiality Assessment: Material – Positive (operational production data and forward‑looking statements indicate significant impact on company performance).

Read the original news release →

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