BNK Petroleum

Kolibri Global Energy Inc. Announces Bank Line Increase

Retrieved on: 
Wednesday, October 12, 2022

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).

Key Points: 
  • 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.

Kolibri Global Energy Inc. Announces New Senior Credit Facility

Retrieved on: 
Friday, May 20, 2022

Initial proceeds from the new facility were used to fund the re-payment of BNK US previous facility with BOKF.

Key Points: 
  • Initial proceeds from the new facility were used to fund the re-payment of BNK US previous facility with BOKF.
  • The Company currently has US$16.2 million drawn on the new facility which bears interest at 4.64%, assuming the current SOFR rate.
  • Commenting on the new facility, Wolf Regener, President and CEO, said, We appreciate having BOKFs continued support of our Tishomingo project.
  • About Kolibri Global Energy Inc.
    Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas and clean and sustainable energy.

Kolibri Global Energy Inc. Completion Operations Underway on Barnes 8-4H Well

Retrieved on: 
Tuesday, April 5, 2022

Completion operations have started this morning and are expected to be finished within the next two weeks.

Key Points: 
  • Completion operations have started this morning and are expected to be finished within the next two weeks.
  • After our outstanding results from the Barnes 7-3H well, we are eager to bring the Barnes 8-4H well on production.
  • The Barnes 8-4H is also located in the heart of our field and our operations team is using the same stimulation design that was used on the Barnes 7-3H well.
  • About Kolibri Global Energy Inc.
    Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy.

Kolibri Global Energy Inc. Completion Operations Underway on Barnes 7-3H Well

Retrieved on: 
Monday, March 7, 2022

Im proud to say that our team is doing a great job and that the completion operations are going safely and are progressing well, with over half the stages having been completed already.

Key Points: 
  • Im proud to say that our team is doing a great job and that the completion operations are going safely and are progressing well, with over half the stages having been completed already.
  • We anticipate finishing the completion operations within the week.
  • Once the completion equipment is rigged down and moved off, we will clean out the wellbore and begin the flow back of the well.
  • About Kolibri Global Energy Inc.
    Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy.

Kolibri Global Energy Inc. Completes Drilling Barnes 8-4H Well

Retrieved on: 
Wednesday, February 16, 2022

Wolf Regener, President and CEO commented, Our team once again did a great job drilling the Barnes 8-4H well safely and on budget.

Key Points: 
  • Wolf Regener, President and CEO commented, Our team once again did a great job drilling the Barnes 8-4H well safely and on budget.
  • The well was drilled in about 15 days, which was 4 days faster than the Barnes 7-3H well was drilled.
  • The hydrocarbon shows recorded while drilling the laterals look comparable to our best wells.
  • About Kolibri Global Energy Inc.
    Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy.

Kolibri Global Energy Inc. Completes Drilling Barnes 7-3H Well

Retrieved on: 
Thursday, January 27, 2022

The drilling rig will now rig down and immediately move to the Barnes 8-4H (99.8% working interest) location, which has already been built.

Key Points: 
  • The drilling rig will now rig down and immediately move to the Barnes 8-4H (99.8% working interest) location, which has already been built.
  • This well was renamed from Barnes 8-1H (as it was previously referred to in the Companys prior news release) to Barnes 8-4H.
  • Wolf Regener, President and CEO, commented: Our team did a great job drilling the Barnes 7-3H well safely and on budget.
  • About Kolibri Global Energy Inc.
    Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy.

Kolibri Global Energy Inc. Begins Drilling Barnes 7-3H Well

Retrieved on: 
Friday, January 7, 2022

Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI, OTCQB: KGEIF), is pleased to announce that its indirect wholly-owned subsidiary BNK Petroleum (US) Inc. (BNK US) has commenced drilling the Barnes 7-3H well in its Tishomingo field in Oklahoma.

Key Points: 
  • Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI, OTCQB: KGEIF), is pleased to announce that its indirect wholly-owned subsidiary BNK Petroleum (US) Inc. (BNK US) has commenced drilling the Barnes 7-3H well in its Tishomingo field in Oklahoma.
  • The drilling of the Barnes 7-3H well is expected to take less than 30 days.
  • The rig will then move to the Barnes 8-1H well to immediately begin drilling as the location is already built.
  • About Kolibri Global Energy Inc.
    Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy.

Kolibri Global Energy Inc. – Signs Contract to Drill in January 2022

Retrieved on: 
Wednesday, December 8, 2021

Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI), announces that its indirect wholly-owned subsidiary BNK Petroleum (US) Inc. (BNK US) has signed a drilling contract to commence drilling the Barnes 7-3H well.

Key Points: 
  • Kolibri Global Energy Inc. (the Company or KEI) (TSX: KEI), announces that its indirect wholly-owned subsidiary BNK Petroleum (US) Inc. (BNK US) has signed a drilling contract to commence drilling the Barnes 7-3H well.
  • All services are being lined up for an expected spud date at the beginning of January.
  • We are very pleased that we have begun activities to drill our next well.
  • About Kolibri Global Energy Inc.
    Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy.

Kolibri Global Energy Inc. Announces Rights Offering for Maximum Gross Proceeds of C$8.86 Million With Shareholder Participation Commitments Totalling More Than 70% of the Maximum Amount

Retrieved on: 
Tuesday, November 23, 2021

Additional information is provided in the Company's rights offering circular dated November 23, 2021 (the "Rights Offering Circular"), which will be available as set out below.

Key Points: 
  • Additional information is provided in the Company's rights offering circular dated November 23, 2021 (the "Rights Offering Circular"), which will be available as set out below.
  • The Rights will trade on the Toronto Stock Exchange under the symbol "KEI.RT" until 9:00 a.m. (Pacific Time) on December 29, 2021.
  • The Company intends to use the proceeds of the Offering to start a new drilling program in the Companys Tishomingo Field.
  • About Kolibri Global Energy Inc.
    Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas and clean and sustainable energy.

Kolibri Global Energy Inc. - Credit Facility Maturity Extension

Retrieved on: 
Friday, October 1, 2021

NEWBURY PARK, Calif., Oct. 1, 2021 /PRNewswire/ --Kolibri Global Energy Inc. (the "Company" or "KEI") (TSX:KEI), announces that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. ("BNK US") has received an extension of the maturity date on its credit facility with BOK Financial ("BOKF") from June 2022 to June 2023.BOKF granted the extension following the completion of the most recent borrowing base redetermination.

Key Points: 
  • NEWBURY PARK, Calif., Oct. 1, 2021 /PRNewswire/ --Kolibri Global Energy Inc. (the "Company" or "KEI") (TSX:KEI), announces that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. ("BNK US") has received an extension of the maturity date on its credit facility with BOK Financial ("BOKF") from June 2022 to June 2023.BOKF granted the extension following the completion of the most recent borrowing base redetermination.
  • "We are very pleased to get the extension of the maturity date and that our property continues to perform well.
  • Once we make the additional principal payments that end in April 2022, we will have paid down almost 50% of the credit facility from its peak of US$30 million."
  • About Kolibri Global Energy Inc.
    Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas and clean and sustainable energy.