Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
April 04 2024 - 6:30AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16
or 15d-16
UNDER
the Securities Exchange Act of 1934
For
the month of April 2024
Commission
File No.: 001-41824
Kolibri
Global Energy Inc.
(Translation
of registrant’s name into English)
925
Broadbeck Drive, Suite 220
Thousand
Oaks, CA 91320
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☐ Form
40-F ☒
EXHIBIT
INDEX
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
Kolibri
Global Energy Inc. |
|
|
Date:
April 4, 2024 |
By: |
/s/
Gary Johnson |
|
Name: |
Gary
Johnson |
|
Title: |
Chief
Financial Officer |
Exhibit
99.1
|
|
925
Broadbeck Drive, Suite 220
Thousand Oaks, California 91320
Phone:
(805) 484-3613
TSX
ticker symbol: KEI
NASDAQ ticker symbol: KGEI |
For
Immediate Release
KOLIBRI
GLOBAL ENERGY INC. BEGINS DRILLING NICKEL HILL WELLS
Thousand
Oaks, CALIFORNIA, April 4, 2024 – Kolibri Global Energy Inc. (the “Company” or “KEI”)
(TSX: KEI, NASDAQ: KGEI) is pleased to announce that drilling is underway in the Company’s Tishomingo field in Oklahoma.
Drilling
began this week on the Nickel Hill 35-1H well and will be followed by the rig sliding over to drill the Nickel Hill 35-2H well. The Company
will have a 62.9% working interest in these wells, with a large integrated oil company participating with their ownership interest.
Wolf
Regener, President and CEO commented, “We are pleased to be continuing our 2024 drilling program and anticipate that both of these
wells will be completed at the same time in May. We look forward to getting these wells on production to increase our cash flow further.”
About
Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. 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 in oil, gas and clean and sustainable energy. The Company’s
shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI.
For
further information, contact:
Wolf
E. Regener +1 (805) 484-3613
Email: wregener@kolibrienergy.com
Website: www.kolibrienergy.com
Cautionary
Statements
Caution
Regarding Forward-Looking Information
Certain
statements contained in this news release constitute “forward-looking information” as such term is used in applicable Canadian
securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward
looking information”), including statements regarding the timing of and expected results from planned wells development, the Company’s
working interest and the Company further increasing cash flow. Forward-looking information is based on plans and estimates of management
and interpretations of data by the Company’s technical team at the date the data is provided and is subject to several factors
and assumptions of management, including that indications of early results are reasonably accurate predictors of the prospectiveness
of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological
or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures,
permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development
plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management,
that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the Company will continue
to be able to access sufficient capital through cash flow, debt, financings, farm-ins or other participation arrangements to maintain
its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company’s
business, its ability to advance 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 vary materially from those projected
in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be
inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary
or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information
necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected
geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment,
labor or materials are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration
and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty
of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks,
including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign
exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations,
that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very
low or no production rates are achieved, that the price of oil will decline, that the Company is unable to access required capital, that
occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve,
do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company’s
business as set forth in the Company’s management discussion and analysis and its annual information form, both of which are available
for viewing under the Company’s profile at www.sedar.com, any of which could result in delays, cessation in planned work
or loss of one or more leases and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation
to update these forward-looking statements, other than as required by applicable law.
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