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 August 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 August 7, 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> August 7, 2025 | 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. ANNOUNCES OPERATIONS UPDATE
ThousandOaks, CALIFORNIA, August 7, 2025 – Kolibri Global Energy Inc. (the “Company” or “Kolibri”) (TSX: KEI, NASDAQ: KGEI) is pleased to provide an operations update on its latest wells in its Tishomingo field in Oklahoma.
LOVINA WELLS
The Lovina 9-16-1H, Lovina 9-16-2H, Lovina 9-16-3H, and Lovina 9-16-4H wells (all 100% working interest) have been successfully fracture stimulated and have been flowing back the fracture stimulation fluid through a conservative controlled flowback, and are in various stages of frack fluid recovery. While the wells are still cleaning up, they have been continuing to increase their production rates as more fracture stimulation fluid is recovered. For the last four days, the 1H well has been averaging 571 Barrels of oil equivalent per day (“BOEPD”) with 473 Barrels of oil per day (“BOPD”), the 2H well has been averaging 643 BOEPD with 523 BOPD, the 3H well has been averaging 416 BOEPD, with 339 BOPD and the 4H has been averaging 322 BOEPD with 271 BOPD. The Lovina wells are producing much higher percentages of oil than many of our previously drilled wells. The higher oil percentage and the longer well lengths, with the controlled conservative flowback have led to a longer cleanup cycle compared to past Kolibri wells. Production tubing strings will be run in the wells starting next week, which previously led to significantly higher production rates in the offset well.
FORGUSON WELL
The Forguson 17-20-3H well has been successfully fracture stimulated and is anticipated to begin its flowback in the next few days. Kolibri is operator and has a 46% working interest in this well, which is testing the economics of our 3,000 acres located on the eastern side of our acreage.
BARNES 6-31-2H and 6-31-3H WELLS
A drilling rig is scheduled to move in on August 11, 2025, to begin drilling the Barnes 6-31-2H and Barnes 6-31-3H wells. These wells are planned to be 1.5-mile laterals, in which Kolibri has a 99.9% working interest. Once the drilling of both wells is complete, completion operations are planned to occur simultaneously with the two previously drilled Velin wells.
Wolf Regener, President and CEO, commented, “We are thrilled about the high oil percentage of the Lovina wells, which we believe generally leads to higher netbacks for the Company and will lead to slower decline rates. We are also looking forward to seeing what the ultimate productivity of these wells will be.
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The east side acreage, where the Forguson well is located and Kolibri has approximately 3,000 net acres, is not included in the December 31, 2024, reserve report. The Caney target for the Forguson well has very similar characteristics and thickness to the main part of the field in Kolibri’s proved acreage, except that it is shallower. If the Forguson well proves to be economic, in addition to adding cash flow, it could lead to many additional development locations for the Company.
We are looking forward to the additional production and cash flow from all of these wells, which we expect will significantly increase the Company’s cash flow and add incremental value to our shareholders.”
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: wregener@kolibrienergy.com
Website: www.kolibrienergy.com
ProductType 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.
CautionaryStatements
In this news release and the Company’s other public disclosure: The Company’s natural gas production is reported in thousands of cubic feet (“Mcfs”). The Company also uses references to barrels (“Bbls”) and barrels of oil equivalent (“Boes”) to reflect natural gas liquids and oil production and sales. The references to 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. Discounted and undiscounted net present value of future net revenues attributable to reserves do not represent fair market value. Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of proved plus probable plus possible reserves.
Readersshould be aware that references to initial production rates and other short-term production rates are preliminary in nature and are notnecessarily indicative of long-term performance or of ultimate recovery. Readers are referred to the full description of the resultsof the Company’s December 31, 2024 independent reserves evaluation and other oil and gas information contained in its Form 51-101F1Statement of Reserves Data and Other Oil and Gas Information for the year ended December 31, 2024, which the Company filed on SEDAR+on March 13, 2025.
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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 netbacks, rates of return and efficiencies,statements regarding timing of flowback, that the Barnes 6-31-2H and Barnes 6-31-3H wells will be 1.5 mile laterals, statements regardingdrilling and completion operations, and statements regarding additional development locations for the Company. Forward-looking informationis based on plans and estimates of management and interpretations of data by the Company’s technical team at the date the datais provided and is subject to several factors and assumptions of management, including that indications of early results are reasonablyaccurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required,that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement orhazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessarylabor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offsetoperator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the priceof oil will be sustained or increase, that the gathering system issues will be resolved, that the Company will continue to be able toaccess sufficient capital through cash flow, debt, financings, farm-ins or other participation arrangements to maintain its projects,and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company’s business, itsability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks anduncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in suchforward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurateinclude, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or proveto be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessaryto secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geologicalresults are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment, labor or materialsare encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production;delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve andresource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, includingflooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchangerate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, thatcompletion techniques require further optimization, that production rates do not match the Company’s assumptions, that very lowor no production rates are achieved, that the gathering system operator doesn’t get the issues resolved, that the price of oilwill decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur,do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks anduncertainties applicable to exploration and development activities and the Company’s business as set forth in the Company’smanagement discussion and analysis and its annual information form, both of which are available for viewing under the Company’sprofile at www.sedar.com*, any of which could result in delays, cessation in planned work or loss of one or more leases and havean adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements,other than as required by 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.