Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to provide the following updates.
Second Quarter 2024 Earnings Release and Earnings Call
The Company expects to release financial and operating results for its second quarter after market close on August 13, 2024.
In connection with the earnings release, management will host a conference call for investors and analysts on August 14, 2024, at 9:00 a.m. PDT to discuss the Company’s results and to host a Q&A session. Interested parties are invited to participate by calling:
Dial-In: 1-877-317-6789
International Dial-In: 1-412-317-6789
When calling, please request to be joined into the Kolibri Global Energy Inc. call.
Alicia Renee Wells Operations Update
Drilling operations on the Alicia Renee 2-11-3H well began early this morning. Once the drilling is competed the rig will slide over to drill the Alicia Renee 2-11-4H, followed by the Alicia Renee 2-11-5H. These wells are planned to have 1.5-mile laterals and Kolibri has a 97.9% working interest in each.
Wolf Regener, President and CEO, commented, “We are very pleased that drilling has started for the Alicia Renee 2-11-3H well. Our objective is to achieve further improvements in our efficiency and rates of return with these longer lateral wells. We anticipate these wells coming on early in the fourth quarter, leading to further increases in our cash flow.”