\nKolibri Global Energy Inc. (the \u201cCompany<\/b>\u201d or \u201cKGEI<\/b>\u201d) (TSX: KEI, NASDAQ: KGEI) is providing the results of its December 31, 2025, independent reserves evaluation. All amounts are in US$ unless otherwise stated.<\/p>\n
\nWolf Regener, President and CEO, commented: \u201cWe 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\u2019s report of $76 a barrel. This is in stark contrast to current oil prices, which are in excess of $90 per barrel.<\/p>\n
\n\u201cTotal 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.<\/p>\n
\n\u201cOver 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.\u201d<\/p>\n
2025 Gross Reserves Summary<\/b><\/p>\n Net Present Value of Reserves discounted at 10%<\/b><\/p>\n \nThe evaluation of the Company\u2019s reserves in the Caney formation of the Tishomingo Field in the SCOOP area of Oklahoma was conducted by Netherland, Sewell & Associates, Inc. (“NSAI<\/b>“) in accordance with National Instrument 51-101 \u2013 Standards of Disclosure for Oil and Gas Activities<\/i>.<\/p>\n \nThe above total Proved reserves are attributed to the 45 Caney wells, four Woodford wells (4.9% working interest for the Company) and one Sycamore well (0.7% working interest for the Company), and the drilling of 34.85 net additional wells over the next four years. The Probable reserves are attributed to the drilling of 10.92 net additional wells over the next five years. The wells in NSAI\u2019s 2025 report are planned at 107 to 213 acre spacing (6 wells per section) on approximately 17,696 net acres.<\/p>\n\n
\n
\n
\n
\n
\n
\n
\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20260317293745\/en\/1285787\/3\/Kolibri_Logo.jpg\"){kind=logo}
<\/td>\n<\/tr>\n