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KGEI
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104 days

Kolibri Global Energy Inc. Announces Lovina Wells Drilled 25% Faster Than the Previous 1.5 Mile Lateral Wells

1. Kolibri Global Energy has successfully drilled four new wells in Oklahoma. 2. The wells were completed swiftly, showcasing operational efficiency and full working interest.

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Why Bullish?

The successful drilling and efficiency in time suggest strong operational performance, enhancing potential revenue. Historical examples of similar operational updates often positively impact stock movements.

How important is it?

The article highlights key operational achievements that could lead to increased investor confidence and market interest.

Why Short Term?

Operational updates typically yield immediate market reactions, potentially boosting KGEI's stock in the near term.

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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “Kolibri”) (TSX: KEI, NASDAQ: KGEI) is pleased to provide an operations update on its latest wells in its Tishomingo field in Oklahoma. LOVINA WELLS The Lovina 9-16-1H, Lovina 9-16-2H, Lovina 9-16-3H, and Lovina 9-16-4H wells have all been successfully drilled. Kolibri has a 100% working interest in the wells. These 1.5 mile lateral wells were drilled in an average of less than 10.5 days each. This compares to.

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