Thursday, 18 April 2024

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Kolibri Global Energy Inc. Begins Drilling Nickel Hill Wells By

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THOUSAND OAKS, Calif.–(BUSINESS WIRE)–Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI, NASDAQ: KGEI) is pleased to announce that drilling is underway in the Company’s Tishomingo field in Oklahoma.

Drilling began this week on the Nickel Hill 35-1H well and will be followed by the rig sliding over to drill the Nickel Hill 35-2H well. The Company will have a 62.9% working interest in these wells, with a large integrated oil company participating with their ownership interest.

Wolf Regener, President and CEO commented, We are pleased to be continuing our 2024 drilling program and anticipate that both of these wells will be completed at the same time in May. We look forward to getting these wells on production to increase our cash flow further.

About Kolibri Global Energy Inc.

Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects in oil, gas and clean and sustainable energy. The Company’s shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI.

Cautionary Statements

Caution Regarding Forward-Looking Information

Certain statements contained in this news release constitute “forward-looking information” as such term is used in applicable Canadian securities laws and forward-looking statements within the meaning of United States securities laws (collectively, forward looking information), including statements regarding the timing of and expected results from planned wells development, the Company’s working interest and the Company further increasing cash flow. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company’s technical team at the date the data is provided and is subject to several factors and assumptions of management, including that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract…

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