Kolibri Global Energy (TSE:KEI) has released an update.
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Kolibri Global Energy Inc. has reported promising operational updates, including the successful production of two Nickel Hill wells, which will likely enhance the company’s next reserve report with added Proved reserves. The firm is preparing to drill three new Alicia Renee wells with longer laterals, anticipating further economic benefits and increased shareholder value, albeit with slight adjustments to their 2024 production guidance. Additionally, Kolibri is contemplating a share buyback program in the latter half of 2024, pending necessary approvals.
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