Kolibri Global Energy Inc. Announces Bank Line Increase
Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI, OTCQX: KGEIF) is pleased to announce that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (BNK US) has obtained an increase in its Borrowing Base to US$25 million on its revolving line of credit (Credit Facility) from BOK Financial (BOKF).
- Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI, OTCQX: KGEIF) is pleased to announce that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (BNK US) has obtained an increase in its Borrowing Base to US$25 million on its revolving line of credit (Credit Facility) from BOK Financial (BOKF).
- Wolf Regener, President and CEO, commented, We are very pleased to have BOKFs continued support as we accelerate the development of our Tishomingo project.
- This increase in our borrowing base provides us with more flexibility and supports our production and cash flow growth initiatives.
- About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy.