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 operationsâupdate press release you provided, Kolibri Global Energy Inc. (TSX:âŻKEI, NASDAQ:âŻKGEI) reported that the four LovinaâŻ9â16â#H wells in its Tishomingo field have been successfully fractureâstimulated and are now flowing back the stimulation fluid under a controlled flowâback program. The release focuses solely on the status of these wells (completion, stimulation, and early production) and does not include any statements about:
- Further drilling activities â 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).
- Acquisition or lease activities â the release does not discuss any intent to acquire additional acreage, lease more land, or purchase assets that would expand the companyâs footprint in the Tishomingo area.
- Capitalâallocation strategy â 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 fractureâstimulations.
- Potential future developments: Companies often issue separate updates or investor presentations when they decide to expand a fieldâs development program. As of the date of this release (7âŻAugustâŻ2025), no such plans have been disclosed in the provided material. Stakeholders interested in future expansion should monitor subsequent company filings (e.g., FormâŻ8âK, quarterly reports, or future press releases) for any new announcements.
Takeâaway
- Current status: The LovinaâŻ9â16â#H wells are now in the flowâback 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 Kolibriâs next set of disclosures (e.g., a âDevelopment Planâ update, a âCapital Allocationâ announcement, or a conference call transcript) or contact the companyâs investor relations team directly.