Business
Kolibri Global Energy Inc. Provides Guidance and Corporate Update
Kolibri Global Energy Inc. (the “ Company ” or “ Kolibri ”) (...
About this update from Kolibri Global Energy Inc
[{"type":"text","content":"Kolibri Global Energy Inc. Provides Guidance and Corporate Update\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwdoublebottom { border-bottom: double black 2.25pt }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadb4 { padding-bottom: 5px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth32 { width: 32% }\n.bwwidth33 { width: 33% }\n.bwwidth48 { width: 48% }\n \n\n\n\n Kolibri Global Energy Inc. (the “\n \n Company\n \n ” or “\n \n Kolibri\n \n ”) (TSX: KEI, NASDAQ: KGEI) is providing an update on operations and updated guidance.\n \n\n\n Guidance Update\n \n\n\n The Company is updating its 2025 forecasted guidance as follows:\n \n\n\n\n\n\n\n Revised 2025\n \n\n Forecast\n \n\n\n\n\n % Increase from\n \n\n Fiscal Year 2024\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Full Year average production\n \n\n\n\n\n 4,000 to 4,400 boepd\n \n\n\n\n\n 15% to 27%\n \n\n\n\n\n\n Revenue\n \n (1)\n \n\n\n\n\n\n US$61 million to US$65 million\n \n\n\n\n\n 4% to 11%\n \n\n\n\n\n\n Adjusted EBITDA\n \n (2)\n \n\n\n\n\n\n US$46 million to US$50 million\n \n\n\n\n\n 4% to 14%\n \n\n\n\n\n\n\n\n (1)\n \n\n\n\n\n Assumptions include forecasted pricing for September - December 2025 of WTI US $64/bbl, $3.70 Henry Hub and NGL pricing of $26/boe and includes the impact of the Company’s existing hedges.\n \n\n\n\n\n\n (2)\n \n\n\n\n\n Adjusted EBITDA is considered a non-GAAP measure. Refer to the section entitled “Non-GAAP Measures” of this news release.\n \n\n\n\n\n The average production, revenue and Adjusted EBITDA guidance show significant growth from 2024 even though this guidance has been revised lower from the Company’s previous guidance due to several factors. The first factor is lower than expected oil prices, which have averaged less than the $70/bbl...