6-K
Kolibri Global Energy Inc. (KGEI)
UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM6-K
Reportof Foreign Private Issuer
Pursuantto Rule 13****a-16or 15d-16
UNDERthe Securities Exchange Act of 1934
For the month of February 2025
Commission File No.: 001-41824
KolibriGlobal Energy Inc.
(Translation of registrant’s name into English)
925Broadbeck Drive, Suite 220
ThousandOaks, CA 91320
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☐ Form 40-F ☒
EXHIBITINDEX
| Exhibit | Description |
|---|---|
| 99.1 | Press Release dated February 27, 2025 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Kolibri Global Energy Inc. | ||
|---|---|---|
| Date:<br> February 27, 2025 | By: | /s/ Gary Johnson |
| Name: | Gary<br> Johnson | |
| Title: | Chief<br> Financial Officer |
Exhibit 99.1
| 925<br> Broadbeck Drive, Suite 220<br><br> <br>Thousand Oaks, California 91320<br><br> <br>Phone:<br> (805) 484-3613<br><br> <br><br><br> <br>TSX<br> ticker symbol: KEI<br><br> <br>NASDAQ ticker symbol: KGEI |
|---|
ForImmediate Release
KOLIBRIGLOBAL ENERGY INC. PROVIDES DRILLING UPDATE AND YEAR END 2024 EARNINGS RELEASE INFORMATION
ThousandOaks, CALIFORNIA, February 27, 2025 – Kolibri Global Energy Inc. (the “Company” or “Kolibri”) (TSX: KEI, NASDAQ: KGEI) is pleased to provide an earnings release update and an operations update on its next wells in its Tishomingo field in Oklahoma.
LovinaWells
The location has been built and the drilling rig is scheduled to move in next week with an anticipated spud date early in the second week of March. The Lovina 9-16-1H, 9-16-2H, 9-16-3H and 9-16-4H wells (100% working interest) are all planned 1.5 mile lateral wells located on the same pad. Completion of these wells is being scheduled for May, with the wells anticipated to begin production in June.
ForgusonWell
The location for the Forguson 17-20-3H well is currently being constructed and the drilling rig is scheduled to move to this location once the Lovina wells have been drilled. Kolibri will have a 46% working interest in this 1.5 mile lateral well. A large integrated oil company had elected to participate in the well.
Wolf Regener, President and CEO, commented, “We are excited to begin our 2025 drilling program with our next wells in the heart of the Tishomingo field as well as drilling the Forguson well to test the economics of our east side acreage. The Caney target on the eastern side has similar characteristics and thickness as in the heart of Kolibri’s proved acreage except that it is shallower. It is currently defined as a contingent resource and, therefore, is not included in our third party reserves estimates. An economically successful well could add significant additional reserves and value to the Company.
We expect these wells to contribute to the continued growth of our production and cash flow, which is reflected in our recent guidance which forecast significant increases for 2025 over our 2024 guidance (see the Company’s January 14, 20025 news release).”
YearEnd Earnings Release and Earnings Call
The Company expects to release financial and operating results for its year end 2024 results after market close on March 25, 2025.
In connection with the earnings release, management will host a conference call for investors and analysts on March 26, 2025, at 9:00 a.m. PDT to discuss the Company’s results and to host a Q&A session. Interested parties are invited to participate by calling:
Dial-In: 1-877-317-6789
International Dial-In: 1-412-317-6789
When calling, please request to be joined into the Kolibri Global Energy Inc. call.
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Conferences
Wolf Regener, CEO and Gary Johnson, CFO will be participating in the 37^th^ Annual Roth Capital Conference on March 16 to 18, 2025 in Dana Point, California where they will be having 1-1 meetings.
Mr. Regener and Mr. Johnson will also participate in the Sidoti Small-Cap Virtual Conference, on March 19 and 20th, 2025. They will be presenting at 11:30 A.M. PDT on March 20th, 2025 as well as having 1-1 meetings during the two-day conference.
AboutKolibri Global Energy Inc.
KolibriGlobal Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through varioussubsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical andoperational expertise to identify and acquire additional projects in oil and gas. The Company’s shares are traded on the TorontoStock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI.
Forfurther information, contact:
Wolf E. Regener +1 (805) 484-3613
Email: [email protected]
Website: www.kolibrienergy.com
CautionRegarding Forward-Looking Information
Certainstatements contained in this news release constitute “forward-looking information” as such term is used in applicable Canadiansecurities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forwardlooking information”), including statements regarding the timing of and expected results from planned wells development, wellsperforming as anticipated, including anticipated increases in production, cash flow, higher rates of return and efficiencies, and thetiming of the release of the Company’s financial and operating results for its year end 2024. Forward-looking information is basedon plans and estimates of management and interpretations of data by the Company’s technical team at the date the data is providedand is subject to several factors and assumptions of management, including that indications of early results are reasonably accuratepredictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that nounforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardousweather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor andequipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’soperations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustainedor increase, that the gathering system issues will be resolved, that the Company will continue to be able to access sufficient capitalthrough cash flow, debt, financings, farm-ins or other participation arrangements to maintain its projects, and that global economicconditions will not deteriorate in a manner that has an adverse impact on the Company’s business, its ability to advance its businessstrategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factorsthat could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factorsthat could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to,the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that theCompany or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals orthat required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, thatequipment failures, permitting delays, labor or contract disputes or shortages of equipment, labor or materials are encountered, therisks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changesin plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimatesand projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extendedinterruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations,that the offset operator’s operations have unexpected adverse effects on the Company’s operations, that completion techniquesrequire further optimization, that production rates do not match the Company’s assumptions, that very low or no production ratesare achieved, that the gathering system operator doesn’t get the issues resolved, that the price of oil will decline, that theCompany is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and thoseconditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable toexploration and development activities and the Company’s business as set forth in the Company’s management discussion andanalysis and its annual information form, both of which are available for viewing under the Company’s profile at www.sedar.com*,any of which could result in delays, cessation in planned work or loss of one or more leases and have an adverse effect on the Companyand its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as requiredby applicable law.*
CautionRegarding Future-Oriented Financial Information and Financial Outlook
Thisnews 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 providean outlook of the Company’s activities and results and may not be appropriate for other purposes. The FOFI has been prepared basedon 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 suchvariations may be material. The Company and management believe that the FOFI has been prepared on a reasonable basis, reflecting management’sbest estimates and judgments. FOFI contained in this news release was made as of the date of this news release and the Company disclaimsany intention or obligations to update or revise any FOFI contained in this news release, whether as a result of new information, futureevents or otherwise, unless required pursuant to applicable law.