Kolibri Global Energy Inc. Announces First Quarter 2024 Earnings Release Date, Conference Call and Nickel Hill Wells Update

THOUSAND OAKS, Calif. – Kolibri Global Energy Inc. (the “Pursue” or “IT IS“) (TSX: KEI, NASDAQ: KGEI) is pleased to provide an operational update for its Tishomingo field in Oklahoma.

First Quarter 2024 Results Release and Earnings Conference Call

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The Company expects to report first quarter financial and operating results after the market closes on May 13, 2024.

In conjunction with the results release, management will host a conference call for investors and analysts on May 14, 2024 at 9:00 a.m. PDT to discuss the Company’s results and hold a question and answer session. Those interested are cordially invited to participate by telephone:

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Dial in: 1-877-317-6789
International Dial: 1-412-317-6789
When you call, please request to join Kolibri Global Energy Inc.’s call.

Operational update

Completion work on the Nickel Hill 35-1H and Nickel Hill 35-2H wells began Monday and fracture stimulation is progressing well. The first production results are expected towards the end of the month.

Wolf Regener, President and CEO, commented: “We are very pleased that operations are running smoothly. We look forward to continuing our success and increasing cash flow as we bring these new wells online.”

About Kolibri Global Energy Inc.

Kolibri Global Energy Inc. is a North American energy company focused on the exploration and exploitation of oil and gas energy projects. The Company owns and operates energy properties in the United States through various subsidiaries. The Company continues to leverage its technical and operational expertise to identify and acquire additional projects in oil, gas, and clean and sustainable energy. The Company’s shares trade on the Toronto Stock Exchange under the symbol KEI and on the NASDAQ under the symbol KGEI.

Warnings

Note Regarding Forward-Looking Information

Certain statements contained in this press release constitute “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward-looking information”), including statements made as of the date of the issuance of the Company’s financial and operating results Company’s first quarter and the timing and expected results of the planned well development. Forward-looking information is based on management’s plans and estimates and interpretations of data by the Company’s technical team at the time the data is provided and is subject to several factors and assumptions made by management, including that indications of early results are reasonably accurate predictions of the hopelessness of the data shale sections, that required governmental approvals are available when required, that there are no unforeseen delays, unexpected geological or other impacts, including flooding and extended interruptions due to adverse or hazardous weather conditions, equipment failures, approval delays or labor, etc., that there are no contractual disputes, that the required Labor and equipment are procured, that the development plans of the company and its associates do not change, that the operations of the offset operator proceed as expected by management, that the demand for oil and gas is maintained, that the price of oil is maintained or increases, that the Company will continue to be able to access sufficient capital through cash flow, debt, financing, farm-ins or other equity arrangements to sustain its projects, worldwide and economic conditions will not deteriorate in a manner that would have a negative impact on the company’s business, its ability to drive its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to differ materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this press release to change or be inaccurate include, but are not limited to, the risk that the assumptions on which such forward-looking information is based vary or prove to be invalid, including that the Company or its subsidiaries are unable to obtain and provide the information necessary to obtain required approvals for any reason, or that required governmental approvals are not available for other reasons when required, that unexpected geological results occur, that equipment failures occur , causing delays in permitting, labor or contract disputes, or shortages of equipment, labor or materials, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans relating to exploration and development projects or capital expenditures); the uncertainty of reserves and resource estimates and forecasts in relation to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to adverse or hazardous weather conditions), the risk of commodity price and exchange rate fluctuations that the operation of the offset operator has unexpected negative impacts on the Company’s operations, that closing techniques require further optimization, that production rates do not meet the Company’s assumptions, that very low or no production rates will be achieved, that the price of oil will decline, that the Company is unable to access the necessary capital, that events that are not expected to occur actually occur, and that conditions that are expected to continue or improve do not continue or improve, and that the other risks and uncertainties apply to the Company’s exploration and development activities and business as set forth in the Company’s management discussion and analysis and its annual information form, both of which are available on the Company’s profile at www.sedarplus.ca, which in each case could lead to delays, the suspension of planned work or the loss of one or more concessions and could have an adverse effect on the company and its financial position. The Company undertakes no obligation to update these forward-looking statements, except as required by law.