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Kolibri Global Energy ( (TSE:KEI) ) has shared an update.
Kolibri Global Energy Inc. has released its 2025 guidance, projecting significant growth in both adjusted EBITDA and average production compared to 2024. The company plans to increase average production by 38% to 40% and adjusted EBITDA by 35% to 48%, with anticipated revenues ranging from $75 million to $89 million. The strategy includes developing reserves, returning capital to shareholders, and exploring nonproven areas. Notably, Kolibri will pursue a new full field development plan with nine new wells, including testing the Caney Formation’s potential in their eastern acreage.
More about Kolibri Global Energy
Kolibri Global Energy Inc. operates in the energy sector, focusing on the exploration and development of oil and gas reserves. The company is primarily engaged in activities within the Tishomingo field in Oklahoma, aiming to enhance production and maximize shareholder value through strategic drilling initiatives.
YTD Price Performance: 17.65%
Average Trading Volume: 16,058
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$315M
For a thorough assessment of KEI stock, go to TipRanks’ Stock Analysis page.