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

Financial performance and reserves

• Maintains low debt to EBITDA ratio, targeting around one or less, with strong cash flow growth and high netback production.

• Fully funded for the 2026 drilling program, with a $75 million line of credit and recent $10 million increase.

• Proved reserves valued at $440 million and proved probable at nearly $600 million, based on conservative oil price assumptions.

• Market cap is approximately $220 million, with significant upside if current oil prices persist.

• Share buybacks and debt reduction are ongoing, supporting shareholder value.

Operational highlights and drilling plans

• Operates the Tishomingo Shale oil field in Oklahoma, with 40 million barrels proved and 57 million barrels proved probable reserves.

• Transitioned to a liquids-rich oil producer, with 74% of Q1 production from oil and only 13% from natural gas.

• 2026 drilling program includes at least three new Caney wells, with potential for additional wells later in the year.

• Forecasts 10%-20% annual production and revenue growth, with $75 million midpoint revenue and $55-$60 million adjusted EBITDA at $74 oil price.

• Infrastructure is in place, and oil is priced at WTI less $1.85, with stable differentials.

Efficiency improvements and upside potential

• Drilling efficiency has improved, reducing well drilling time from 30 days in 2013 to 10-12 days for recent longer laterals.

• Operating expenses are among the lowest compared to industry peers, supporting high netbacks.

• 104 additional Caney locations booked, with 48 proved, 24 probable, and 17 possible, mostly longer laterals.

• Acreage is 99% held by production, allowing flexible drilling schedules and minimizing risk of losing acreage.

• Additional upside exists in untested intervals like Sycamore and the T-zone, with future test wells planned.