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Kolibri Global Energy Expands Oklahoma Drilling Strategy, Updates 2026 Outlook

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Kolibri Global Energy (KGEI) said Monday that it expanded its long-term drilling strategy and updated its 2026 outlook by targeting additional formations across its Tishomingo field.

Rather than concentrating primarily on the Lower Caney, the company will also develop the False Caney, Upper Caney, T-zone, and Sycamore benches while continuing drilling in the Lower Caney.

Kolibri added a False Caney well to its 2026 drilling schedule. The company expects to target the Upper Caney in late 2026 or early 2027 before deciding when to drill the T-zone and potentially test the Sycamore.

The company is drilling the three previously announced Clifton Mack wells and will then move the rig to the Lovina 5-8-1H well, a two-mile False Caney lateral where it holds a 98.5% working interest, it added.

Unexpected geological conditions prompted Kolibri to redesign and redrill the Clifton Mack 11-14-1HR well, adding casing. The company is applying those findings as it batch-drills the remaining Clifton Mack wells, which it expects to complete in the third quarter.

Using an assumed oil price of $70 per barrel, Kolibri forecasts 2026 production of 4,700 to 5,200 barrels of oil equivalent per day, revenue of $78 million to $84 million, and capital expenditures of $39 million to $43 million.

Compared with fiscal 2025, the outlook implies production growth of 17% to 30% and revenue growth of 37% to 48%, according to the company.

Chief Executive Officer Wolf Regener said the revised outlook reflects the company's broader development strategy, despite lowering its assumed oil price to $70 per barrel from $74 per barrel. He said additional casing increased drilling costs for the Clifton Mack wells, but reservoir pressures encountered there support strong production potential.

Price: $4.92, Change: $+0.34, Percent Change: +7.42%

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