Tuesday, 02 January 2024 12:17 GMT

Kolibri Global Energy Inc.


(MENAFN- Baystreet) 09:45 AM EST - Kolibri Global Energy Inc. : Provided an operations update on its latest wells in its Tishomingo field in Oklahoma. The initial thirty-day average production rate for the Lovina 9-16-1H well is 565 barrels of oil equivalent per day (“BOEPD”) with 463 barrels of oil per day (“BOPD”), the Lovina 9-16-2H is 629 BOEPD with 510 BOPD, the Lovina 9-16-3H well is 510 BOEPD with 413 BOPD, and the Lovina 9-16-4H is 428 BOEPD with 355 BOPD. The combined thirty-day production rates from the four wells is higher than our previously disclosed early initial production rates, with the 3H production rate increasing 22% and the 4H rate increasing 33% from those initial rates. Kolibri Global Energy Inc. shares T are trading unchanged at $7.09.

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