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Kolibri Global Energy Inc. Provides Drilling Update and Year End 2024 Earnings Release Information

1. Kolibri to begin drilling new wells in Tishomingo by March. 2. 100% working interest in upcoming Lovina wells boosts operational outlook.

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Why Bullish?

The announcement of drilling new wells can enhance KGEI's production capability, similar to past successful well completions that positively influenced the stock's performance. As seen in prior cases, such operational expansions often lead to increased investor confidence and stock price appreciation.

How important is it?

The operational update reflects the company's growth strategy and could signal a positive turnaround, thus impacting KGEI's stock performance. The confidence in their drilling schedule suggests potential revenue increases, heightening market interest.

Why Short Term?

The drilling news is expected to have an immediate effect as it indicates increased activity and potential production growth in the forthcoming months. Investors typically react promptly to operational advancements, especially in the oil sector.

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KEIOXYPXDAPACHE
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “Kolibri”) (TSX: KEI, NASDAQ: KGEI) is pleased to provide an earnings release update and an operations update on its next wells in its Tishomingo field in Oklahoma. Lovina Wells The location has been built and the drilling rig is scheduled to move in next week with an anticipated spud date early in the second week of March. The Lovina 9-16-1H, 9-16-2H, 9-16-3H and 9-16-4H wells (100% working interest) are all p.

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