Kolibri Global Energy (KEI) Corporate presentation summary

Strategic focus and asset overview

• Operates the Tishomingo Shale Oil Field in Oklahoma, with a focus on high-quality resource exploitation and shareholder value growth.

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

• Acreage position exceeds 17,000 net acres, with 99% held by production and significant upside in additional formations.

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

• Additional upside potential from Sycamore, T-zone, and East Side acreage, with future development planned.

Financial performance and guidance

• 2025 net income was $15.5 million, with adjusted EBITDA of $42.1 million and operating netback of $31.49 per BOE.

• 2026 guidance projects adjusted EBITDA of $55–60 million, annual production of 4,400–4,800 boe/d, and revenue of $74–79 million.

• Capital expenditures for 2026 are forecast at $24–27 million, with year-end net debt expected at $25–30 million.

• Debt/adjusted EBITDA ratio is projected to remain below 1.0, reflecting strong financial stability.

• Share buybacks are ongoing, and the 2026 drilling program is fully funded through cash flow and an existing $75 million line of credit.

Operational efficiencies and drilling

• Achieved significant drilling cost reductions, with 2024 one-mile lateral wells averaging $5.5 million versus $7.2 million in 2023.

• Drilling days for one-mile laterals decreased from 29 in 2016 to 12 in 2024, reflecting improved efficiency.

• Operating expenses per BOE are competitive, and netbacks are among the highest compared to peers.

• Production growth has been steady, with 2025 exit production at 4,013 boe/d and plans to drill additional Caney wells in 2026.

• Multi-well pad development and permitting are underway to enable rapid activity increases.