KGEI · Kolibri Global Energy Inc.

Kolibri Global Energy Inc. has accelerated its drilling timeline for three previously announced 1.5-mile lateral wells in the Tishomingo field, with the multi-well pad built, surface pipe installation underway, and drilling expected to begin next week. This operational acceleration enables the company to provide a detailed 2026 financial forecast based on a conservative $74 WTI oil price assumption. The forecast projects significant year-over-year growth across key metrics: average production increasing 10-20% to 4,400-4,800 boepd, revenue growing 30-39% to $74-79 million, and Adjusted EBITDA rising 31-43% to $55-60 million. Management emphasized the conservative nature of the oil price assumption, noting that each $5 increase above $74 would add $2.8 million to Adjusted EBITDA. The company plans to use generated cash flow for debt reduction, shareholder returns, and potential additional drilling if oil prices remain elevated. President and CEO Wolf Regener expressed excitement about the accelerated drilling timeline, particularly given recent oil price spikes, and noted the company is securing locations for additional multi-well pads to enable more drilling if warranted. The forecast assumes a 67% working interest in the Clifton Mac wells and incorporates existing hedges along with specific pricing assumptions for WTI, Henry Hub natural gas, and NGLs.