Kolibri Global Energy (TSE:KEI) has released an update.
Kolibri Global Energy has reported strong production rates from its Alicia Renee well pad in Oklahoma, with wells producing over 2,800 barrels of oil equivalent per day. The company is optimistic about the economic viability of these wells, as their costs remain under $6.3 million each, potentially boosting cash flow through 2025. Kolibri’s successful drilling strategy highlights its commitment to maximizing returns in the oil and gas sector.
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