Kolibri Global Energy (KEI) Corporate presentation summary

Strategic focus and asset overview

• Focused on identifying, exploring, and exploiting high-quality oil and gas resources, primarily through the Tishomingo Shale Oil Field in Oklahoma.

• Holds 2P reserves of 57.6 million BOE and 3P reserves of 71.8 million BOE, with a large ratio of proved undeveloped (PUD) to proved developed producing (PDP) reserves.

• Acreage position exceeds 17,000 net acres, with reserves attributed mainly to the Caney formation and additional upside from other benches.

• Infrastructure is in place, with a gathering system less than a mile from all proved locations and oil priced at WTI less ~$1.85 per barrel.

• Management and board have extensive industry experience and strong corporate governance.

Financial performance and outlook

• Adjusted EBITDA for 2025 was $42 million, forecasted to rise to $56–62 million in 2026, with annual production expected to average 4,700–5,200 boe/d.

• Netback from operations was $31.49 per BOE in 2025, with operating expenses among the lowest compared to peers.

• Fully funded 2026 drilling program supported by cash flow and a $75 million line of credit, with $26.5 million available as of March 2026.

• Net debt forecasted to decrease to $38–42 million by year-end 2026, with debt/EBITDA ratio below 1.0.

• Share buyback program underway, with a focus on increasing shareholder value.

Operational efficiency and growth

• Achieved significant drilling efficiencies, reducing average drilling days for 1-mile laterals from 29 in 2016 to 12 in 2024.

• Last four 1-mile lateral wells in 2024 were drilled and completed for $5.5 million each, below the $7.2 million budget.

• 2026 activity includes drilling more Caney wells, bringing three Clifton Mack wells online in Q3, and testing new benches such as False Caney.

• 45 Caney wells are on production, with 89 additional booked Caney locations and further upside from unbooked benches.

• Production has grown steadily, with a 17–30% increase in forecasted annual production for 2026 over 2025.