Kolibri Global Energy (KGEI) Provides Operational Update on Oklahoma Field

Kolibri Global Energy Inc. (NASDAQ:KGEI) is an planetary vigor institution focused connected uncovering and exploiting vigor projects crossed oil, gas, and cleanable and sustainable energy.

Kolibri Global Energy Inc. (NASDAQ:KGEI) provided an operational update connected its Tishomingo tract successful Oklahoma connected December 22. The institution reported that the tract is presently producing implicit 6,000 barrels of lipid equivalent per time (boepd), pursuing the summation of the caller Barnes and Velin wells.

According to the report, the 2 Barnes wells, successful which Kolibri Global Energy Inc. (NASDAQ:KGEI) owns a 100% interest, are each producing astir 465 boepd, with astir 85% of that accumulation being oil. Moreover, the institution believes that 1 of these wells is not yet afloat contributing to production. Meanwhile, the 2 Velin wells, successful which the institution boasts a 97% interest, are witnessing lower-than-expected aboriginal accumulation rates of astir 200 boepd, with 72.5% of it being oil. The institution is presently installing tubing successful these wells to assistance with the fracture fluid flowback, which should amended travel rates. Lastly, Kolibri reported that its Lovina wells person been performing good and grounds beardown economics, contempt the little crude lipid prices.

Wolf Regener, President and CEO of Kolibri Global Energy Inc. (NASDAQ:KGEI), stated:

“Overall, I’m precise pleased with however good the tract continues to perform, with existent accumulation implicit 6,000 BOEPD. It is large to spot the precocious lipid percent of our caller wells, which is helping to amended the Company’s netbacks. The aboriginal accumulation illustration of the Lovina wells was antithetic than galore of our erstwhile wells, and we are gladsome to spot them achieving the little diminution rates predicted by our team, resulting successful the beardown forecasted IRRs. The aboriginal accumulation information from the Barnes wells is precise similar, including the precocious lipid percentages, truthful we are hopeful that those wells volition person akin results.”

While we admit the imaginable of KGEI arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 12 Best Crude Oil Stocks to Buy for Dividends and 11 Best Performing Energy Stocks successful 2025.

Disclosure: None.