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Kolibri Global Energy Inc. - KGEI STOCK NEWS

Welcome to our dedicated page for Kolibri Global Energy news (Ticker: KGEI), a resource for investors and traders seeking the latest updates and insights on Kolibri Global Energy stock.

Kolibri Global Energy Inc. (KGEI) is a prominent North American energy company that specializes in identifying and developing energy projects across the oil, gas, and clean energy sectors. The company is heavily involved in the acquisition, exploration, and production of oil and gas reserves, primarily focusing on shale oil and gas properties within the United States. This strategic focus has enabled Kolibri Global Energy to derive the majority of its revenue from its U.S. operations.

The company's business segments include the United States, Canada, and Others, allowing Kolibri Global Energy to maintain a diversified portfolio that mitigates risk while optimizing opportunities for growth. The company actively pursues partnerships and collaborations to enhance its exploration and production capabilities, ensuring sustainable and efficient operations.

Recent achievements highlight Kolibri Global Energy's commitment to innovation and sustainability. The company has made significant strides in incorporating clean and sustainable energy solutions into its portfolio, diversifying its revenue streams, and enhancing its environmental stewardship.

Kolibri Global Energy Inc. is dedicated to creating long-term value for its shareholders by continuing to exploit high-potential oil and gas reserves, while also exploring opportunities in renewable energy. For investors looking to stay updated, the latest news and developments offer valuable insights into the company's performance and strategic direction.

News

Kolibri Global Energy Inc. Provides Update on 2023 Annual Filings

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Kolibri Global Energy Inc. announces acceptance of its MCTO application by the BCSC due to filing delay. The Company aims to file its Annual Filings by May 31, 2024, and will issue updates accordingly.
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Kolibri Global Energy Inc. Announces Proved Reserves With Net Present Value of US$483 Million

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Kolibri Global Energy Inc. (KEI) reports a 33% growth in Proved Developed Producing reserves, with a 11% increase in Net Present Value (NPV). However, the Proved Reserves value decreased by 6% due to lower forecast pricing and production. The company plans to start drilling two new wells in April, aiming to enhance cash flow and shareholder value.
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Kolibri Global Energy Inc. Announces Anticipated Late Filing of Financial Statements

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Kolibri Global Energy Inc. announces potential delay in filing audited financial statements for 2023, applies for Management Cease Trade Order, and engages new auditor for NASDAQ listing.
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Kolibri Global Energy Inc. Attending 36th Annual Roth Capital Conference

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Kolibri Global Energy Inc. announces its participation in the 36th Annual Roth Capital Partners Conference. The company, a North American energy firm with growing oil production in Oklahoma, has significant reserves and is listed on NASDAQ and TSX under tickers KGEI and KEI. CEO Wolf Regener and CFO Gary Johnson will be present for meetings and a panel discussion at the conference.
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Kolibri Global Energy Inc. Provides 2024 Guidance and Operations Update

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Kolibri Global Energy Inc. (KGEI) is providing its 2024 guidance and operations update for its Tishomingo field in Oklahoma. The company anticipates significant growth in average production, revenue, and Adjusted EBITDA for 2024, with a strategy to develop the field and generate cash flow. President and CEO, Wolf Regener, expressed optimism for another strong year of revenue and cash flow growth, highlighting the team's execution and cost reduction.
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Kolibri Global Energy Inc. Provides 2023 Guidance Update and Operations Update

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Kolibri Global Energy Inc. (KEI) Updates 2023 Guidance and Provides Operations Update
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Kolibri Global Energy Announces Third Quarter 2023 Net Income of US$2.3 Million and Adjusted EBITDA of US$9.5 Million

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KOLIBRI GLOBAL ENERGY INC. reported a 61% increase in average production for the third quarter of 2023, leading to a 39% increase in Adjusted EBITDA compared to the prior year quarter. Despite lower average prices and an unrealized loss on commodity contracts, the company's net revenue increased by 29%. However, net income and netback from operations decreased by 76% and 22%, respectively. The company's cash and cash equivalents decreased from December 2022 to September 2023.
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Kolibri Global Energy Inc. Provides 30-Day Rates, Third Quarter 2023 Earnings Release Date, and Conference Call

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Kolibri Global Energy Inc. provides an operations update for its Tishomingo field in Oklahoma, with promising production rates for the Barnes and Emery wells. The company also announces the schedule for its third-quarter earnings release and earnings call on November 13th and 14th, 2023.
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Kolibri Global Energy Inc. to Participate in Torrey Hills Capital Resource Executives Conference

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Kolibri Global Energy Inc. (KEI) will participate in the Torrey Hills Capital Resource Executives Conference from November 14th to November 16th, 2023, in California.
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Kolibri Global Energy Inc. Announces Bank Line Redetermination

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Kolibri Global Energy Inc. announces that the Borrowing Base of its subsidiary BNK Petroleum (US) Inc. has been reaffirmed at US$40 million on its revolving line of credit from BOK Financial. The outstanding amount drawn on the Credit Facility is currently US$29 million. The amendments to the Credit Facility allow cash distributions from BNK US to KEI, subject to certain conditions. The amendments also reduce the minimum term of the hedging contracts from 24 months to 18 months. The Credit Facility provides for interest-only payments until the June 2026 maturity date, with bi-annual scheduled reserve redeterminations.
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FAQ

What is the current stock price of Kolibri Global Energy (KGEI)?

The current stock price of Kolibri Global Energy (KGEI) is $3.505 as of November 15, 2024.

What is the market cap of Kolibri Global Energy (KGEI)?

The market cap of Kolibri Global Energy (KGEI) is approximately 119.4M.

What is Kolibri Global Energy Inc.?

Kolibri Global Energy Inc. is a North American energy company involved in the acquisition, exploration, and production of oil, gas, and clean energy projects.

Where does Kolibri Global Energy Inc. operate?

The company operates in the United States, Canada, and other regions, with a primary focus on shale oil and gas properties in the U.S.

What are the main business segments of Kolibri Global Energy Inc.?

The main business segments are the United States, Canada, and Others.

How does Kolibri Global Energy Inc. generate most of its revenue?

The company derives the majority of its revenue from its operations in the United States.

Is Kolibri Global Energy Inc. involved in sustainable energy?

Yes, Kolibri Global Energy Inc. is incorporating clean and sustainable energy solutions into its portfolio.

What recent achievements has Kolibri Global Energy Inc. made?

The company has made significant advancements in clean energy solutions and continues to grow its oil and gas production capabilities.

What is the stock symbol for Kolibri Global Energy Inc.?

The stock symbol for Kolibri Global Energy Inc. is KGEI.

Does Kolibri Global Energy Inc. focus on any specific type of oil and gas reserves?

Yes, the company focuses on shale oil and gas reserves, primarily in the United States.

How can I stay updated on Kolibri Global Energy Inc.'s latest news?

You can stay updated by following the latest news releases from Kolibri Global Energy Inc. and monitoring their performance and strategic developments.

What is Kolibri Global Energy Inc.'s approach to environmental stewardship?

The company aims to balance its oil and gas operations with sustainable energy practices, enhancing its environmental stewardship.

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Kolibri Global Energy Inc.

Nasdaq:KGEI

KGEI Rankings

#4235 Ranked by Market Cap
N/A Ranked by Dividends

KGEI Stock Data

119.36M
35.74M
1.12%
54.15%
0.05%
Oil & Gas E&P
Energy
Link
United States of America
Thousand Oaks