Mr. Wolf Regener reports

KOLIBRI GLOBAL ENERGY INC. PROVIDES OPERATIONS UPDATE

Kolibri Global Energy Inc. has provided an operations update for its Tishomingo field in Oklahoma.

Drilling and completion operations

The Barnes 7-4H and 7-5H wells were successfully drilled and cased in the Lower Caney formation safely and under budget. The drilling rig is currently moving over to the Emery pad for the drilling of the next two Lower Caney wells and a T-zone well. The first of these next three wells, the Emery 17-3H, is expected to begin drilling within the week.

The Barnes 7-4H and 7-5H are scheduled to begin completion operations within the next two weeks once the drilling rig has moved out, and all the equipment for the fracture stimulations has moved in and is rigged up.

Wolf Regener, president and chief executive officer, commented: "We are excited to begin completion operations on the Barnes 7-4H and Barnes 7-5H wells, and to move the same drilling rig over to drill the next three-well pad immediately. We are looking forward to the additional production that we expect from all these wells."

Recently completed wells and field update

The company is pleased to report that the Barnes 8-3H well, which is its first T-zone well utilizing its latest completion technique and has been on production for just over 2.5 months, is currently producing in line with management's forecasted production. The production from the company's earlier T-zone wells had declined much harder at this stage. Achieving commercial rates from the T-zone could add many additional well locations and reserves that are not currently reflected in the company's reserve estimates. The T-zone formation is present over the company's entire acreage block and is thus potentially very significant to the company.

The current production from the Barnes 8-2H well in the Lower Caney formation is within management's forecasted production band range. The Barnes 8-1H well, which is in the Upper Caney formation, is producing just below management's expected forecasted production band range. As the company previously disclosed, while the Barnes 8-1H is still economic, the company plans to place its future Caney wells in the Lower Caney formation.

The gathering system operator for the field has had issues for much of August, which resulted in the company's production being restricted from the entire field. The issues are being resolved and the production is rebounding.

About Kolibri Global Energy Inc.

Kolibri Global is a North American energy company focused on finding and exploiting energy projects in oil and 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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