Kolibri Global Energy (KEI) Lytham Partners Fall 2026 Investor Conference summary

Financial position and reserves

• Fully funded for 2026 operations using cash flow and a $75 million credit line.

• Holds over 57 MMb of proved and probable reserves, with 40 MMb proved, certified by Netherland, Sewell.

• Net debt stands at $42 million, with a market cap of $230 million and enterprise value of $276 million.

• Debt to EBITDA ratio is less than one, indicating strong financial health.

• Proved reserves valued at $440 million, significantly above current market cap.

Operational performance and growth

• Transitioned from natural gas to oil, now producing 71% oil from 17,000 acres.

• 2026 production forecast is 4,700–5,200 BOE/day, a 17–30% increase over last year.

• Revenue expected at $78–84 million, up 37–48% year-over-year.

• Adjusted EBITDA forecasted at $56–62 million, a 33–47% increase.

• Production growth and efficiency gains have offset lower blended oil prices.

Drilling, development, and upside potential

• Three new Caney wells in flowback and a False Caney test well to be stimulated in early Q4.

• Testing new benches like False Caney and T zone for future reserve additions.

• 89 additional potential Caney locations identified, with 45 wells already producing.

• 99% of acreage held by production, allowing flexible drilling schedules.

• Drilling times reduced from 30 to 10.5 days for longer laterals, with costs dropping to $5.5–7.2 million per well.