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KGEI 6-K

Kolibri Global Energy Inc. (KGEI)

6-K 2024-09-18 For: 2024-09-18
View Original
Added on April 10, 2026

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 September 2024

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 September 18, 2024


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> September 18, 2024 By: /s/ Gary Johnson
Name: Gary<br> Johnson
Title: Chief<br> Financial Officer

Exhibit99.1

925<br> Broadbeck Drive, Suite 220<br><br> <br>Thousand<br> 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<br> ticker symbol: KGEI

ForImmediate Release


KOLIBRIGLOBAL ENERGY INC. FINISHES DRILLING ITS FIRST THREE 1.5 MILE LATERAL WELLS UNDER BUDGET AND QUICKER THAN FORECASTED


ThousandOaks, CALIFORNIA, September 18, 2024 – Kolibri Global Energy Inc. (the “Company” or “Kolibri”) (TSX: KEI, NASDAQ: KGEI) (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to announce that it has finished drilling its first three 1.5 mile lateral wells in the Company’s Tishomingo field in Oklahoma.

Alicia Renee wells

The Alicia Renee 2-11-3H, 2-11-4H, and 2-11-5H wells were drilled safely and under budget. The drilling averaged less than 14 days each, which was substantially less than our budgeted 20 days. Completion work for all three wells is expected to begin in early October, with flowback anticipated in early November. All three wells will be completed at the same time. Kolibri has a 100% working interest in all three wells.

Wolf Regener, President and CEO, commented, “We are very proud that our team did such a great job drilling these wells safely, quickly, and well under budget. We are looking forward to getting these wells on production in the fourth quarter to further increase our cash flow and to evaluate the economic benefits of these longer lateral wells. With the wells being drilled so quickly, we are hopeful that these longer laterals can have a material impact in improving the economics and value of the field.”

Conferences and Events

Wolf Regener, CEO and Gary Johnson, CFO will attend the Sidoti Small-Cap Virtual Conference, on September 18^th^ and 19^th^, 2024. They will be presenting at 1 P.M. Eastern Time on September 18^th^, 2024 as well as having 1-1 meetings during the two day conference.

Mr. Regener and Mr. Johnson will also participate in Remark’s Virtual Non-Deal Roadshow for Dallas on September 26^th^, 2024. They also participated in Renmark’s Virtual Non-Deal Roadshow for New York on September 17^th^, where the replay will be available via a link on Kolibri’s website in the next week.

More information for all of the conferences and events can be found on Kolibri’s website at www.kolibrienergy.com.


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 projects. The Company’s shares are traded on theToronto Stock Exchange under the stock symbol KEI and on the Nasdaq under the stock symbol KGEI.


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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, includingthe timing of completion work on the Company’s new wells and flowback, and anticipated increases in fourth quarter cash flow andimprovements in well and field economics. Forward-looking information is based on plans and estimates of management and interpretationsof data by the Company’s technical team at the date the data is provided and is subject to several factors and assumptions of management,including that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that requiredregulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including floodingand extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contractdisputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and itsco-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand foroil and gas will be sustained, that the price of oil will be sustained or increase, that the Company will continue to be able to accesssufficient capital through cash flow, debt, financings, farm-ins or other participation arrangements to maintain its projects, and thatglobal economic conditions will not deteriorate in a manner that has an adverse impact on the Company’s business, its ability toadvance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertaintiesand other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-lookinginformation. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, butare 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 the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure requiredapprovals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered,that equipment failures, permitting delays, labor or contract disputes or shortages of equipment, labor or materials are encountered,the risks 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 price of oil will decline, that the Company is unable to access required capital, that occurrences such as thosethat are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue orimprove, and the other risks and uncertainties applicable to exploration and development activities and the Company’s businessas set forth in the Company’s management discussion and analysis and its annual information form, both of which are available forviewing under the Company’s profile at www.sedarplus.ca, any of which could result in delays, cessation in planned work or lossof one or more leases and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation toupdate these forward-looking statements, other than as required by applicable law.