Kolibri Expects Average 2025 Production to Grow 38% or More -- Energy Comment

Kolibri Global Energy Inc. (TSX: KEI, NASDAQ: KGEI) has announced its 2025 guidance for the Tishomingo field in Oklahoma, projecting significant growth in average production, revenue, and adjusted EBITDA. The company anticipates average production to grow by 38% or more, reaching a range of 4,500 to 5,100 boepd. Revenue is expected to increase by 32% to 44%, reaching a range of $75 million to $89 million, while adjusted EBITDA is projected to grow by 35% to 48%, reaching a range of $58 million to $71 million.



Kolibri's strategy for 2025 focuses on continuing cash flow growth, developing the company's reserves, returning capital to shareholders, and testing the economics of nonproven areas. The company's full field development plan consists mainly of 1.5 and 2-mile laterals, with a current plan to bring nine wells on production this year. Kolibri plans to drill and complete four 1.5-mile lateral wells from one pad in the second quarter, drill two additional 1.5-mile lateral wells in the second half of the year, and fracture stimulate these wells together with the two 1-mile lateral Velin wells that the company had previously drilled.

The ninth planned well, the Forguson 17-20-3H well, will be drilled to test the economics of the Caney Formation on the Company’s eastern acreage. Kolibri will operate and have a 46% working interest in this well, with a large integrated oil company participating and the well expected to be drilled late in the second quarter. If successful, the Forguson well could add additional drilling locations and reserves, further boosting production and shareholder value.

Wolf Regener, President and CEO of Kolibri, commented on the company's 2025 guidance, stating, "We are excited to forecast another strong year of growth in 2025, which builds upon the tremendous growth we have already experienced in the last three years. The average production, revenue, and adjusted EBITDA guidance for 2025 again show significant growth from the 2024 forecast numbers, even with a $70 WTI price assumption."

Kolibri's strong balance sheet and conservative price forecast allow the company to adjust the timing of wells based on oil price performance and well results, optimizing production growth. The company's successful execution in 2024, with 1.5-mile lateral wells drilled safely and quickly, and the anticipation of increases in reserves value with the new reserve report, further supports the company's growth prospects.

In conclusion, Kolibri Global Energy Inc. expects average 2025 production to grow 38% or more, driven by its full field development plan, successful execution, and the potential impact of the Forguson well on the company's eastern acreage. The company's strong balance sheet and conservative price forecast position it well for continued growth and shareholder value creation.