KGEI | Market Cap: $181.5M (07/13/26)
Industry:
Oil, Gas, & Coal Production
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DESCRIPTION

Kolibri Global Energy is a small, pure-play shale oil producer focused entirely on its Caney Shale acreage in the Tishomingo Field in the Ardmore Basin, Oklahoma. Despite being incorporated in Canada, Kolibri operates exclusively in the U.S., holding approximately 17,700 net acres in the Tishomingo Field with just 8 employees. Oil accounts for roughly 88% of revenue, with natural gas and NGLs produced as byproducts. Kolibri sells its oil to a single purchaser via truck transport. Kolibri grows production by drilling and completing new horizontal shale wells, with average production growing from roughly 1,640 BOE per day in 2022 to over 4,000 BOE per day in 2025. The company has shifted toward longer 1.5-mile lateral wells, which access roughly 50% more reservoir for only about 15% more drilling time compared to 1-mile laterals, improving well economics. Kolibri funds its development program primarily through operating cash flow and a revolving credit facility. Lenders require Kolibri to hedge a portion of oil production using costless collars. Kolibri's growth strategy is straightforward: drill more wells, extend laterals, and prove up additional acreage — including the "Eastside" of its acreage where a large, unnamed integrated oil company co-participates. Kolibri also returns capital through share buybacks. The company's single-field concentration means its performance depends entirely on the productivity and economics of its Tishomingo wells.

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