Kolibri Global Energy Inc. (the “Company” or “KEI”) , is pleased to announce that its indirect wholly-owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) has successfully drilled and cased the Barnes 8-4H well (99.8% working interest) in its Tishomingo field in Oklahoma.
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The completion operations for the Barnes 7-3H well (98.07% working interest), which the Company drilled and cased in January, are expected to commence on February 25th, with flow back and production anticipated in March.
Wolf Regener, President and CEO commented, “Our team once again did a great job drilling the Barnes 8-4H well safely and on budget. The well was drilled in about 15 days, which was 4 days faster than the Barnes 7-3H well was drilled. We are looking forward to completing these new wells, both of which are located in the heart of our field, where our best performing wells are located. The hydrocarbon shows recorded while drilling the laterals look comparable to our best wells.”
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. 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. The Company’s shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQB under the stock symbol KGEIF.