Past year: ▲ 50%(5.17 – 9.08 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Mar 2025drilling progress report▲ GoodMajor
An independent evaluation by Netherland, Sewell & Associates showed total proved reserves up 24% to 40.2 million barrels of oil equivalent, with a before-tax present value (10% discount) of US$534.7 million, up 11%. Proved plus probable reserves fell 1% and proved plus probable plus possible fell 10%, and drilling on the four Lovina wells had just started, with the Forguson well to follow.
27 Feb 2025drilling progress report▲ Good
Kolibri laid out its 2025 drilling start in Oklahoma's Tishomingo field: four Lovina wells (100% working interest) to spud in early March with production expected in June, then the Forguson 17-20-3H well at 46% working interest, where a large integrated oil company elected to participate. Year-end 2024 results are due March 25, 2025, with a call on March 26. This follows the 2024 Alicia Renee drilling program.
6 Aug 2024drilling progress report▲ Good
Kolibri said it would release second quarter 2024 results on August 13, 2024 with a call on August 14, and that drilling began on the Alicia Renee 2-11-3H well, to be followed by the 2-11-4H and 2-11-5H wells. The wells are planned with 1.5-mile laterals, Kolibri holds a 97.9% working interest in each, and it expects them to come on early in the fourth quarter.
