Mr. Wolf Regener reports

KOLIBRI GLOBAL ENERGY INC. ANNOUNCES SUCCESSFUL FALSE CANEY WELL

Kolibri Global Energy Inc. has provided an operations update on its latest wells in its Tishomingo field in Oklahoma.

Lovina 5-8-1HF well

The Lovina 5-8-1HF well, which is our first False Caney well, has been averaging 636 barrels of oil equivalent per day, which includes about 545 barrels of oil per day. These great early results from the 1.2-mile lateral well are extremely encouraging as the company takes steps to prove up this new formation.

The company is hoping that the False Caney, which does not currently have any locations booked in the company's reserves report, will add many future drilling locations, which would increase the company's reserves and thus value for the comany's shareholders.

Clifton Mack wells

Since the last update, tubing has been installed in the three Clifton Mack wells (97.45-per-cent to 99.03-per-cent working interest), and the wells have been on controlled flowback and production. The new fracture stimulation design has resulted in the wells flowing back differently than the company's previous Caney wells. Kolibri have recovered much more of the company's fracture stimulation fluid in the time these wells have been on flowback than in previous Caney wells, and the wells continue to maintain higher frac fluid rates. The Clifton Mack wells are currently producing at a combined rate of about 1,911 boepd, which includes about 720 barrels of oil per day. The Clifton Mack wells were drilled on acreage classified as probable reserves in the company's reserve report, so Kolibri expects that this will add additional proved reserves to the next reserve report.

Wolf Regener, president and chief executive officer, commented: "We are excited about the very strong early results from our False Caney test with the Lovina 8-5-1HF well. The well is performing very well with strong flowback. We hope this strong production will continue and lead to the addition of many future drilling locations. We expect future False Caney wells to be mainly two-mile laterals, which would lead to even higher production rates, assuming the same productivity per foot of lateral as the Lovina 8-5-1HF well.

"Since our reserve report includes no False Caney reserves, this could be a material catalyst for the company and may lead to meaningful increases in our reserves and, in turn, value for our shareholders.

"We look forward to the additional production and cash flow from all of these wells, which we believe will significantly increase the company's cash flow and add incremental value to our shareholders. Our future development plans will be focused both on continuing the Caney development as well as developing these other benches that are not in the reserve report. The wells will likely use the new fracture stimulation design, with further modifications based on lessons learned from these last wells."

About Kolibri Global Energy Inc.

Kolibri Global Energy is a North American energy company focused on finding and exploiting energy projects in oil and gas. 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 in oil and gas. The company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the Nasdaq Stock Market under the stock symbol KGEI.

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