Kolibri Global Energy Reports Strong Mid-Year Growth

Kolibri Global Energy (TSE:KEI) has released an update.

Kolibri Global Energy Inc. has released its unaudited condensed consolidated interim financial statements, showing an increase in total assets from $224,357 thousand to $230,975 thousand from December 2023 to June 2024. During the same period, the company’s revenue from oil and natural gas net of royalties has grown from $24,407 thousand to $28,141 thousand, reflecting a positive trajectory in its operational income. Meanwhile, the shareholders’ capital saw a slight increase, and the accumulated deficit reduced from $149,997 thousand to $142,591 thousand, indicating improvements in the company’s equity position.

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