Focused forecast
We’re pleased to share a major operational and financial update from the B2i Digital Featured Company, Kolibri Global Energy Inc. (Nasdaq: KGEI, TSX: KEI).
https://b2idigital.com/kolibri-global-energy
Kolibri has provided 2025 guidance for its Tishomingo field in Oklahoma, projecting strong growth in average production (up 38%-40%) and adjusted EBITDA (up 35%-48%) compared with its 2024 forecast. The Company also plans to drill and complete up to nine wells in 2025, including a test well on its eastern acreage that, if successful, could significantly expand the Company’s drilling inventory.
Among the 2025 forecasted guidance highlights from Kolibri’s news release are:
· Average production of 4,500 to 5,100 boepd
· Revenue of $75 million to $89 million (32%-44% above 2024 guidance range)
· Adjusted EBITDA of $58 million to $71 million
· Debt to EBITDA ratio below 1.0
· Intended continued share repurchases, which, to date, are approximately 280,000 shares.
The 2025 plan includes four 1.5-mile laterals and two 1.5-mile wells in the second half of the year, along with plans to fracture stimulate them, as well as two 1-mile lateral Velin wells that had previously been drilled. Kolibri’s new Forguson test well on the eastern acreage will explore whether this area has similar characteristics to the main part of the field.
In a statement, President and CEO Wolf Regener said, “We are excited to forecast another strong year of growth in 2025, which builds upon the tremendous growth we have already experienced in the last three years. The average production, revenue, and adjusted EBITDA guidance for 2025 again show significant growth from the 2024 forecast numbers, even with a US$70 WTI price assumption… A successful Forguson well would add additional drilling locations and reserves. A successful drilling campaign on the east side acreage could add significant additional shareholder value.”
Please see the full release at this link:
https://kolibrienergy.com/kolibri-global-energy-inc-provides-2025-guidance-with-a-for[…]re-than-38-percent-to-average-production-over-2024-guidance/