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6-K

Kolibri Global Energy Inc. (KGEI)

6-K 2023-11-01 For: 2023-11-01
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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 November 2023

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 November 1, 2023


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> November 1, 2023 By: /s/ Gary Johnson
Name: Gary Johnson
Title: Chief Financial Officer

Exhibit 99.1

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

ForImmediate Release


KOLIBRIGLOBAL ENERGY INC. ANNOUNCES BANK LINE REDETERMINATION


ThousandOaks, CALIFORNIA, November 1, 2023 – Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to announce the Borrowing Base of its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNKUS”) was reaffirmed at US$40 million on its revolving line of credit (“Credit Facility”) from BOK Financial (“BOKF”). The current outstanding amount drawn on the Credit Facility is US$29 million.

The Credit Facility was also amended to allow cash distributions from BNK US to KEI, subject to certain conditions which include: (1) 70% or less of the Borrowing Base of the loan remains outstanding after the distribution; and (2) the maximum leverage ratio on a pro forma basis immediately before and after the distribution is less than or equal to 1.25 to 1.00. The amendments also reduced the minimum term of the hedging contracts the Company is required to put in place from 24 months to 18 months.

Wolf Regener, President and CEO, commented, “We are very pleased to have BOKF’s continued support as we continue to accelerate the development of our Tishomingo project. These changes would allow the Company to potentially return capital to shareholders in the future and provide us with greater flexibility for our hedging strategy.”

The Credit Facility provides for interest-only payments until the June 2026 maturity date, with bi-annual scheduled reserve redeterminations.

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, gas and clean and sustainable energy. The Company’s sharesare traded on the Toronto Stock 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 Credit Facility, the Company’s operations and the potential returnof capital to shareholders in the future.

Forward-lookinginformation is based on plans and estimates of management and interpretations of data by the Company’s technical team at the datethe data is provided and is subject to several factors and assumptions of management, including future operating costs, forecast pricesand costs, estimated production, capital and other expenditures, plans for expected results of drilling activity, that anticipated resultsand estimated costs will be consistent with management’s expectations, that required regulatory approvals will be available whenrequired, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclementor hazardous 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 Company will continue to be able to access sufficient capital through cash flow, debt,financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deterioratein a manner that has an adverse impact on the Company’s business, its ability to advance its business strategy and the industryas a whole.

Forward-lookinginformation is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual resultsto vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking informationin this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which suchforward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for anyreason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwisenot available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor orcontract disputes or shortages of equipment or 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 changes in plans with respect to exploration and developmentprojects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs andexpenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weatherconditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpectedadverse effects on the Company’s operations, that completion techniques require further optimization, that production rates donot match the Company’s assumptions, that very low or no production rates are achieved, that the price of oil will decline, thatthe Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, andthose conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicableto exploration and development activities and the Company’s business as set forth in the Company’s management discussionand analysis and its annual information form, both of which are available for viewing under the Company’s profile at www.sedarplus.com,any of which could result in delays, cessation in planned work or loss of one or more concessions 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.

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