Are there any strategic plans for additional drilling or acquisition in the Tishomingo field following these results? | KGEI (Aug 07, 2025) | Candlesense

Are there any strategic plans for additional drilling or acquisition in the Tishomingo field following these results?

Answer

Based on the information contained in the operations‑update press release you provided, Kolibri Global Energy Inc. (TSX: KEI, NASDAQ: KGEI) reported that the four Lovina 9‑16‑#H wells in its Tishomingo field have been successfully fracture‑stimulated and are now flowing back the stimulation fluid under a controlled flow‑back program. The release focuses solely on the status of these wells (completion, stimulation, and early production) and does not include any statements about:

  1. Further drilling activities – there is no mention of plans to drill additional wells in the Tishomingo field (e.g., new well locations, drilling schedules, or expansion of the drilling program).
  2. Acquisition or lease activities – the release does not discuss any intent to acquire additional acreage, lease more land, or purchase assets that would expand the company’s footprint in the Tishomingo area.
  3. Capital‑allocation strategy – no details are provided about how the company intends to allocate capital to future drilling, infrastructure, or potential acquisitions in this specific field.

What this means for the question

  • If you are looking for confirmation of a strategic plan: The press release does not contain any explicit information indicating that Kolibri has announced or is currently pursuing additional drilling or acquisition projects in the Tishomingo field following the successful fracture‑stimulations.
  • Potential future developments: Companies often issue separate updates or investor presentations when they decide to expand a field’s development program. As of the date of this release (7 August 2025), no such plans have been disclosed in the provided material. Stakeholders interested in future expansion should monitor subsequent company filings (e.g., Form 8‑K, quarterly reports, or future press releases) for any new announcements.

Take‑away

  • Current status: The Lovina 9‑16‑#H wells are now in the flow‑back phase and are operating as intended.
  • Strategic outlook: No strategic drilling or acquisition plans for the Tishomingo field are mentioned in this specific operations update.

If you need definitive confirmation of any upcoming projects, the best approach would be to check Kolibri’s next set of disclosures (e.g., a “Development Plan” update, a “Capital Allocation” announcement, or a conference call transcript) or contact the company’s investor relations team directly.

Other Questions About This News

How do the fracture stimulation costs for the Lovina wells compare to the company's historical average and to peer companies in the region? What is the expected sustainable production rate from these wells after the flow‑back period ends? Is there any impact on the company’s debt covenants or financing arrangements due to the current capital deployment? How did the actual drilling and completion costs per foot compare to the company's original budget and to regional benchmarks? What is the expected impact on EPS and cash per share if the projected production levels are achieved and maintained? Will the results of the Lovina wells trigger any changes to the company's 2025 production guidance or capital spending plan? What are the potential regulatory or environmental risks that could affect the future development of the Lovina wells? How does the performance of these wells compare to recent wells completed in the Tishomingo field or other Oklahoma assets? What impact will the current well results have on the company's quarterly revenue and cash‑flow forecasts? How might this operational update affect analyst consensus estimates and target price for KGEI? What is the estimated net present value (NPV) and internal rate of return (IRR) for the Lovina drilling and completion program? What is the timeline for completing the remaining steps (e.g., post‑flow‑back testing, production ramp‑up, and tie‑in to the gathering system) for each Lovina well? Are there any indications of reserve additions or revisions to proven reserves (P90) as a result of this update? What were the actual production rates (e.g., barrels of oil equivalent per day) achieved in the initial flow‑back of the Lovina wells?