Mar. 19 at 12:54 PM
Kolibri Global Energy Inc. (Nasdaq:
$KGEI, TSX:
$KEI) reported the results of its December 31, 2025, independent reserves evaluation, announcing a 30% increase in proved developed producing reserves and providing details on its upcoming year-end earnings release and conference call.
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Highlights from the reserves evaluation include:
• Proved developed producing (PDP) reserves increased 30%, with PDP NPV10 up 10% to
$189 million, despite a 2026 oil price assumption of
$58/bbl — 24% below the prior year’s
$76/bbl.
• Total proved reserves reached 40.8 million BOEs, up 1% from December 31, 2024, even after producing approximately 1.5 million BOE of proved reserves during the year.
• Proved plus probable reserves grew 7% to 57.6 million BOEs.
• PDP reserves represent 29% of total proved reserves, leaving a substantial base of proved undeveloped reserves available for future conversion to production.
• The reserves evaluation was conducted by independent firm Netherland, Sewell & Associates, Inc. (
$NSAI).
Wolf Regener, President and CEO, commented: “We are very pleased that our proved developed producing reserves increased by 30 percent due to our successful 2025 drilling program. Proved developed producing reserves valuation (NPV discounted at 10%) increased by 10% to
$189 million, despite the much lower oil prices used in this reserve report. The 2026 oil price used in the reserve report is
$58 a barrel which is 24% below the previous year’s report of
$76 a barrel. This is in stark contrast to current oil prices, which are in excess of
$90 per barrel.
“Total proved reserves increased 1% in 2025, even though we drilled almost all of our wells in Proved locations and produced approximately 1.5 million barrels of oil equivalent (BOE) of proved reserves. And, with our percentage of PDP versus Total Proved reserves at 29%, we still have a significant amount of proved undeveloped reserves to be able to convert into future production.
“Over the last three years, we have achieved a fantastic 35% compound annual production growth rate. We look forward to continuing our success with our drilling program this year, which we are planning to begin in June. We are preparing multiple pad locations to quickly give us the ability to increase our drilling activity if oil prices remain elevated through 2026.”
Kolibri expects to release its full-year 2025 financial and operating results before the market opens on March 19, 2026. Management will host an earnings conference call the same day at 9:00 a.m. Pacific time. Interested parties may participate by calling 1-833-890-5570 (U.S.) or 1-412-504-9708 (international) and requesting to be joined into the Kolibri Global Energy Inc. call.
The full news release is available at https://kolibrienergy.com/kolibri-global-energy-inc-announces-2025-proved-developed-reserve-increase-of-30-and-year-end-earnings-call/
Kolibri is led by Wolf Regener, President and CEO, alongside a seasoned technical team including CFO Gary Johnson, Director of Engineering Dan Simpson, Senior Geologist Allan Hemmy, and Landman Dalia Lupita Isaac. The company is focused on developing its oil-rich Caney acreage in Oklahoma.
For additional details, please visit the Investors section of Kolibri’s website at: https://kolibrienergy.com/investors/.
Disclosure: David Shapiro, CEO of B2i Digital, personally purchased in the open market and currently owns shares of unrestricted KGEI stock, in line with B2i Digital’s practice of investing alongside its Featured Companies. This post is not intended to solicit the sale of KGEI or any security, and it is not intended to offer any opinion on KGEI as an investment. Conduct your own research and consult with your own professional advisors prior to making any investment decisions. See the complete Disclosure in the Risks and Disclosures section of https://b2idigital.com/disclaimer.
