Kolibri Global Energy (TSE:KEI) has released an update.
Kolibri Global Energy Inc. successfully completed drilling three 1.5 mile lateral wells in Oklahoma’s Tishomingo field, finishing ahead of schedule and under budget, with completion work set to begin in October. The company, with a 100% working interest in the wells, expects to enhance cash flow and field economics with these wells starting production in the fourth quarter. The achievement underscores Kolibri’s operational efficiency and the potential for longer lateral wells to significantly improve field value.
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