Kolibri Global Energy Inc. Provides 2025 Guidance With a Forecasted Increase of More Than 35 Percent to Adjusted EBITDA and More Than 38 Percent to Average Production Over 2024 Guidance
Kolibri Global Energy has released its 2025 guidance for the Tishomingo field in Oklahoma, projecting significant growth across key metrics. The company forecasts average production of 4,500 to 5,100 boepd, representing a 38-40% increase from 2024 guidance. Revenue is expected to reach US$75-89 million (32-44% increase), while Adjusted EBITDA is projected at US$58-71 million (35-48% increase).
The company plans to drill nine wells in 2025, including four 1.5-mile lateral wells, two additional 1.5-mile lateral wells, and the Forguson well to test the Caney Formation on eastern acreage. Capital expenditures are estimated at US$48-53 million, with year-end net debt projected at US$25-30 million and a debt-to-EBITDA ratio below 1.0. These projections assume WTI at US$70/bbl.
Kolibri Global Energy ha rilasciato le sue previsioni per il 2025 per il campo di Tishomingo in Oklahoma, prevedendo una crescita significativa su metriche chiave. L'azienda prevede una produzione media di 4.500 a 5.100 boepd, che rappresenta un aumento del 38-40% rispetto alle previsioni del 2024. Si prevede che i ricavi raggiungano tra i 75 e gli 89 milioni di dollari (un aumento del 32-44%), mentre l'EBITDA rettificato dovrebbe attestarsi tra i 58 e i 71 milioni di dollari (un aumento del 35-48%).
L'azienda ha in programma di perforare nove pozzi nel 2025, inclusi quattro pozzi laterali da 1,5 miglia e altri due pozzi laterali da 1,5 miglia, e il pozzo Forguson per testare la formazione Caney su terreni orientali. Le spese in conto capitale sono stimate tra i 48 e i 53 milioni di dollari, con un debito netto previsto a fine anno tra i 25 e i 30 milioni di dollari e un rapporto debito/EBITDA inferiore a 1,0. Queste proiezioni assumono un prezzo del WTI pari a 70 dollari/barile.
Kolibri Global Energy ha publicado su guía para 2025 para el campo de Tishomingo en Oklahoma, proyectando un crecimiento significativo en métricas clave. La compañía pronostica una producción promedio de 4,500 a 5,100 boepd, lo que representa un aumento del 38-40% en comparación con la guía de 2024. Se espera que los ingresos alcancen entre 75 y 89 millones de dólares (aumento del 32-44%), mientras que el EBITDA ajustado se proyecta en entre 58 y 71 millones de dólares (aumento del 35-48%).
La compañía planea perforar nueve pozos en 2025, incluidos cuatro pozos laterales de 1.5 millas, dos pozos laterales adicionales de 1.5 millas, y el pozo Forguson para probar la Formación Caney en terrenos del este. Se estima que los gastos de capital sean de entre 48 y 53 millones de dólares, con una deuda neta proyectada al final del año de entre 25 y 30 millones de dólares y una relación deuda/EBITDA inferior a 1.0. Estas proyecciones asumen un WTI de 70 dólares/barril.
Kolibri Global Energy는 오클라호마의 Tishomingo 필드에 대한 2025년 가이드를 발표하며 주요 지표에서의 상당한 성장을 예상하고 있습니다. 회사는 평균 생산량이 하루 4,500배럴에서 5,100배럴에 이를 것으로 예상하며, 이는 2024년 가이드를 기준으로 38-40% 증가한 수치입니다. 수익은 7,500만~8,900만 달러에 이를 것으로 보이며(32-44% 증가), 조정된 EBITDA는 5,800만~7,100만 달러로 예상되고 있습니다(35-48% 증가).
회사는 2025년에 9개의 우물을 발굴할 계획이며, 1.5마일 측면 우물 4개, 추가 측면 우물 2개, 동부 지역의 Caney 지층을 테스트하기 위한 Forguson 우물이 포함됩니다. 자본 지출은 4,800만~5,300만 달러로 추정되며, 연말 순 부채는 2,500만~3,000만 달러로 예상되며, 부채-EBITDA 비율은 1.0 미만일 것으로 보입니다. 이러한 예측은 WTI가 배럴당 70달러인 것을 가정합니다.
Kolibri Global Energy a publié ses prévisions pour 2025 concernant le champ de Tishomingo en Oklahoma, prévoyant une croissance significative dans des indicateurs clés. L'entreprise prévoit une production moyenne de 4 500 à 5 100 boepd, représentant une augmentation de 38 à 40% par rapport aux prévisions de 2024. Les revenus devraient atteindre entre 75 et 89 millions de dollars (augmentation de 32 à 44%), tandis que l'EBITDA ajusté est projeté entre 58 et 71 millions de dollars (augmentation de 35 à 48%).
La société prévoit de forer neuf puits en 2025, dont quatre puits latéraux de 1,5 mile, deux puits latéraux supplémentaires de 1,5 mile, et le puits Forguson pour tester la formation Caney sur des terrains orientaux. Les dépenses en capital sont estimées entre 48 et 53 millions de dollars, avec une dette nette en fin d'année projetée entre 25 et 30 millions de dollars et un ratio dette/EBITDA inférieur à 1,0. Ces projections supposent un WTI à 70 dollars/baril.
Kolibri Global Energy hat seine Prognose für 2025 für das Tishomingo-Feld in Oklahoma veröffentlicht und rechnet mit einem signifikanten Wachstum in wichtigen Kennzahlen. Das Unternehmen geht von einer durchschnittlichen Produktion von 4.500 bis 5.100 boepd aus, was einem Anstieg von 38-40% gegenüber der Prognose für 2024 entspricht. Die Einnahmen werden voraussichtlich zwischen 75 und 89 Millionen US-Dollar liegen (32-44% Steigerung), während ein bereinigtes EBITDA von 58 bis 71 Millionen US-Dollar prognostiziert wird (35-48% Steigerung).
Das Unternehmen plant, im Jahr 2025 neun Brunnen zu bohren, darunter vier laterale Brunnen mit 1,5 Meilen, zwei zusätzliche laterale Brunnen mit 1,5 Meilen sowie den Forguson-Brunnen zur Testung der Caney-Formation in östlichen Gebieten. Die Investitionsausgaben werden auf 48 bis 53 Millionen US-Dollar geschätzt, der Nettoschuldenstand zum Jahresende wird auf 25 bis 30 Millionen US-Dollar projiziert, und das Verhältnis von Schulden zu EBITDA liegt unter 1,0. Diese Prognosen basieren auf einem WTI-Preis von 70 US-Dollar pro Barrel.
- 38-40% projected increase in average production for 2025
- 35-48% forecasted growth in Adjusted EBITDA
- 32-44% expected increase in revenue
- Low debt-to-EBITDA ratio projected to remain below 1.0
- Successful execution of 1.5-mile lateral wells with costs under US$6.3 million per well
- Potential expansion opportunity in eastern acreage with 3,000 net acres
- Significant capital expenditure of US$48-53 million required
- Projected net debt of US$25-30 million by year-end 2025
Insights
The 2025 guidance reveals compelling financial metrics and operational expansion. Projected Adjusted EBITDA of
The capital allocation strategy balances growth with shareholder returns through share repurchases. The
The operational strategy showcases intelligent field development planning. The shift to longer laterals (1.5 and 2-mile) follows successful test results, potentially improving well economics and resource recovery. The forecasted
The Forguson 17-20-3H well represents a strategic exploration opportunity. Success in the Caney Formation could unlock value across 3,000 net acres of eastern acreage, currently classified as contingent resources. The partnership with a large integrated oil company for this well reduces capital exposure while validating the play's potential. The shallow depth of the eastern Caney target could translate to lower drilling costs if commercial.
The Company is providing its forecasted guidance for 2025 as follows:
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2025 Forecast |
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% Increase from
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Average production |
4,500 to 5,100 boepd |
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Revenue(1) |
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Adjusted EBITDA(2) |
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|
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Capital expenditures |
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Net Debt at year end |
|
|
|
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Debt to EBITDA Ratio |
Below 1.0 |
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(1) |
Assumptions include forecasted pricing for 2025 of WTI |
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(2) |
Adjusted EBITDA is considered a non-GAAP measure. Refer to the section entitled “Non-GAAP Measures” of this news release |
The strategy of the Company for 2025 is to further build on the success we have had for the last few years. This includes continuing cash flow growth, developing the Company’s reserves, returning capital to shareholders, and testing the economics of nonproven areas.
Based on the successful results of our first three 1.5-mile laterals, we have designed a new full field development plan consisting mainly of 1.5 and 2-mile laterals. The Company’s current plan anticipates bringing nine wells on production this year. Kolibri plans to drill and complete four 1.5-mile lateral wells (100 percent working interest) from one pad in the second quarter, drill two additional 1.5-mile lateral wells in the second half of the year (99.9 percent working interest), and then fracture stimulate these wells together with the two 1-mile lateral Velin wells (96.7 percent working interest) that the Company had previously drilled.
The ninth planned well, the Forguson 17-20-3H well, will be drilled to test the economics of the Caney Formation on the Company’s eastern acreage. Kolibri will operate and have a
Kolibri has approximately 3,000 net acres on its east side acreage. All of the eastern acreage is currently classified as contingent resources by Kolibri’s independent reservoir engineering firm, as no well has been completed in the
Wolf Regener, President and CEO, commented, “We are excited to forecast another strong year of growth in 2025, which builds upon the tremendous growth we have already experienced in the last three years. The average production, revenue, and adjusted EBITDA guidance for 2025 again show significant growth from the 2024 forecast numbers, even with a
“The Company’s strong balance sheet and our conservative price forecast allows us the ability to adjust the timing of the wells planned for the second half of 2025 based on the price of oil and the performance of the wells.
“I am also looking forward to testing the economics of our east side acreage as a successful Forguson well would add additional drilling locations and reserves. A successful drilling campaign on the east side acreage could add significant additional shareholder value.
“I’m very proud of our team’s execution this past year. Our 1.5-mile lateral wells were drilled safely and quickly with an estimated all-in well cost averaging less than
NON-GAAP MEASURES
Adjusted EBITDA is not a measure recognized under Canadian Generally Accepted Accounting Principles ("GAAP") and does not have any standardized meaning prescribed by IFRS. Management of the Company believes that Adjusted EBITDA is relevant for evaluating returns on the Company's project as well as the performance of the enterprise as a whole. Adjusted EBITDA may differ from similar computations as reported by other similar organizations and, accordingly, may not be comparable to similar non-GAAP measures as reported by such organizations. Adjusted EBITDA should not be construed as an alternative to net income, cash flows related to operating activities, working capital, or other financial measures determined in accordance with IFRS as an indicator of the Company's performance.
An explanation of how Adjusted EBITDA provides useful information to an investor and the purposes for which the Company’s management uses Adjusted EBITDA is set out in the management's discussion and analysis under the heading “Non-GAAP Measures” which is available under the Company's profile at www.sedarplus.ca and is incorporated by reference into this news release.
Adjusted EBITDA is calculated as net income before interest, taxes, depletion and depreciation and other non-cash and non-operating gains and losses. The Company considers this a key measure as it demonstrates its ability to generate cash from operations necessary for future growth excluding non-cash items, gains and losses that are not part of the normal operations of the Company and financing costs. The following is the reconciliation of the non-GAAP measure Adjusted EBITDA:
(US |
Three months ended
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Nine months ended
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2024 |
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2023 |
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2024 |
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2023 |
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Net income |
5,066 |
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2,319 |
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12,472 |
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14,483 |
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Income tax expense |
1,646 |
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- |
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4,288 |
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- |
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Depletion and depreciation expense |
3,611 |
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3,790 |
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11,205 |
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11,503 |
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Accretion expense |
46 |
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40 |
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135 |
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129 |
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Interest expense |
839 |
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651 |
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2,567 |
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1,511 |
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Unrealized (gain) loss on commodity contracts |
(1,341 |
) |
2,579 |
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(871 |
) |
412 |
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Stock based compensation |
268 |
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157 |
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807 |
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531 |
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Other income |
- |
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(1 |
) |
(60 |
) |
(2 |
) |
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Foreign currency (gain) loss |
1 |
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1 |
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3 |
|
11 |
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Adjusted EBITDA |
10,136 |
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9,536 |
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30,546 |
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28,578 |
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About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the Company owns and operates energy properties in
Product Type Disclosure
This news release includes references to sales volumes of "oil", "natural gas", and “barrels of oil equivalent” or “BOEs”. “Oil” refers to light crude oil and medium crude oil combined, and "natural gas" refers to shale gas, in each case as defined by NI 51-101. Production from our wells, primarily disclosed in this news release in BOEs, consists of mainly oil and associated wet gas. The wet gas is delivered via gathering system and then pipelines to processing plants where it is treated and sold as natural gas and NGLs.
Cautionary Statements
In this news release and the Company’s other public disclosure: The references to barrels of oil equivalent ("Boes") reflect natural gas, natural gas liquids and oil. Boes may be misleading, particularly if used in isolation. A Boe conversion ratio of 6 Mcf:1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. There is a
Readers should be aware that references to initial production rates and other short-term production rates are preliminary in nature and are not necessarily indicative of long-term performance or of ultimate recovery. Readers are referred to the full description of the results of the Company's December 31, 2023 independent reserves evaluation and other oil and gas information contained in its Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information for the year ended December 31, 2023, which can be accessed electronically from the SEDAR website at www.sedarplus.ca.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws and “forward-looking statements” within the meaning of
Caution Regarding Future-Oriented Financial Information and Financial Outlook
This news release may contain information deemed to be “future-oriented financial information” or a “financial outlook” (collectively, “FOFI”) within the meaning of applicable securities laws. The FOFI has been prepared by management to provide an outlook of the Company’s activities and results and may not be appropriate for other purposes. The FOFI has been prepared based on a number of assumptions including the assumptions discussed above under “Caution Regarding Forward-Looking Information”. The actual results of operations of the Company and the resulting financial results may vary from the amounts set forth herein, and such variations may be material. The Company and management believe that the FOFI has been prepared on a reasonable basis, reflecting management’s best estimates and judgments. FOFI contained in this news release was made as of the date of this news release and the Company disclaims any intention or obligations to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250114480489/en/
For further information, contact:
Wolf E. Regener, +1 (805) 484-3613
Email: wregener@kolibrienergy.com
Website: www.kolibrienergy.com
Source: Kolibri Global Energy Inc.
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