Kolibri Global Energy Inc (NASDAQ:KGEI) has revised its FY23 outlook downwards due to operational challenges, including delays in new well production, lower-than-expected oil prices, and shut-in wells impacting production. The company now anticipates average production of 2,800 to 3,000 boepd, adjusted EBITDA of $39 million-$41 million, and revenue of $51 million-$53 million. Capital expenditures are also expected to be lower at $47 million-$49 million. Despite these setbacks, KGEI reported successful drilling and stimulation of three Emery wells, although the process affected surrounding wells, with recovery expected to take a few months. The Velin 12-9H well is nearing completion, and the next well is scheduled to begin in early January. KGEI shares closed at $3.70 on Thursday.