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KGEI

Kolibri Global Energy Inc. Common stock

https://www.kolibrienergy.com

Industry

Oil & Gas Exploration & Production

Kolibri Global Energy Inc. engages in the exploration, development, production, and marketing of oil, gas clean and sustainable energy in the United States. It produces crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc. and changed its name to Kolibri Global Energy Inc. in November 2020. Kolibri Global Energy Inc. was incorporated in 2008 and is headquartered in Thousand Oaks, California.

Open

3.62

Mkt cap

132M

Volume

64K

High

3.70

P/E Ratio

7.87

52-wk high

4.64

Low

3.59

Div yield

N/A

52-wk low

2.84

Kolibri Global Energy has announced a delay in filing its financial statements, attributing the delay to auditing issues. The company now targets a May deadline for the submission of its financial statements.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:58 am

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.

Portfolio Pulse from Lekha Gupta

December 22, 2023 | 1:41 pm

Kolibri Global (KGEI) forecasts FY23 revenue of $51M-$53M, a 36%-41% increase YoY, and adjusted EBITDA of $39M-$41M, up 55%-63% YoY. The company also expects average production to rise by 71%-83% YoY to 2,800-3,000 boepd.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 11:56 am

Kolibri Global Energy reported a decrease in Q3 EPS to $0.06 from $0.26 year-over-year, while its oil and gas gross revenue increased to $16.38M from $12.67M over the same period.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:39 am

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