11:21:44 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Kolibri Global Energy Inc (2)
Symbol KEI
Shares Issued 35,615,921
Close 2022-09-30 C$ 1.95
Market Cap C$ 69,451,046
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Kolibri adds second drill rig to Emery 17-2H well

2022-10-03 09:06 ET - News Release

Mr. Wolf Regener reports

KOLIBRI GLOBAL ENERGY INC. ADDS SECOND DRILLING RIG

Kolibri Global Energy Inc. has brought in a second drilling rig to drill the Emery 17-2H well located in the company's Tishomingo field in Oklahoma.

Operations

The company anticipates spudding the Emery 17-2H well in the next few days. The drilling rig began moving in over the weekend. The Emery 17-2H is one of the five wells in the company's 2022 drilling program. The completion operations for the well are planned for the end of October.

The other drilling rig is currently drilling the lateral portion of the Brock 9-3H, with oil and gas shows as expected. After drilling the Brock 9-3H, the rig will slide over to drill the Glenn 16-3H from the same pad. The completion operations for the Brock 9-3H and Glenn 16-3H wells are planned to commence after the Emery 17-2H well is completed.

Wolf Regener, president and chief executive officer, commented: "We are pleased to add a second rig so that we are able to drill the Emery 17-2H well now and begin production from the new wells sooner than we previously thought. We look forward to getting all three of these wells on production, which will further increase our cash flow."

About Kolibri Global Energy Inc.

Kolibri Global Energy is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. Through various subsidiaries, the company owns and operates energy properties in the United States. The company continues to utilize its technical and operational expertise to identify and acquire additional projects. The company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQX under the stock symbol KGEIF.

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