Kolibri Global Energy: Earnings Update and Operations Progress in Tishomingo Field, Oklahoma
Kolibri Global Energy Inc. (KEI, KGEI) has announced an earnings update and operations progress on its upcoming wells in the Tishomingo field, located in Oklahoma. The Company’s latest development includes the Lovina 9-16-1H, 9-16-2H, 9-16-3H, and 9-16-4H wells, all holding a 100% working interest.
Drilling Progress and Anticipated Spud Date
The location for these wells has been successfully built, and the drilling rig is scheduled to move in next week. The anticipated spud date is set for early in the second week of March 2023.
Well Information
The Lovina 9-16-1H, 9-16-2H, 9-16-3H, and 9-16-4H wells are strategically located in the Tishomingo field, which is known for its significant oil production. The Company is eagerly anticipating the results from these wells as they have the potential to contribute to Kolibri’s growing oil reserves.
Impact on Individuals
For individuals directly involved with Kolibri Global Energy or those invested in the company, the successful drilling and production of these wells could lead to increased earnings and potential growth in share value. Additionally, the Tishomingo field’s continued success in oil production can contribute to the regional economy by providing jobs and generating tax revenues.
Global Impact
The oil and gas industry plays a vital role in the global economy, providing energy for various industries and powering transportation. Successful drilling and production from Kolibri’s Tishomingo field can contribute to the overall supply of oil, potentially impacting global oil prices and the global energy market.
Conclusion
Kolibri Global Energy’s operations in the Tishomingo field, Oklahoma, continue to progress with the anticipated drilling of the Lovina 9-16-1H, 9-16-2H, 9-16-3H, and 9-16-4H wells. This development can lead to increased earnings for investors, potential growth for the Company, and a positive impact on the regional economy. Furthermore, the successful production of these wells can contribute to the global oil supply and impact the global energy market.
- Kolibri Global Energy is drilling four new wells in the Tishomingo field, Oklahoma
- The drilling rig will move in next week with an anticipated spud date in early March
- These wells have the potential to contribute to Kolibri’s growing oil reserves
- Successful drilling and production can lead to increased earnings for investors
- The Tishomingo field’s continued success can contribute to the regional economy
- Oil production from these wells can impact global oil prices and the global energy market
