Kolibri International Power Inc has reported improved stream charges on the Barnes and Velin wells in Oklahoma’s Tishomingo discipline.
The 1.5-mile lateral Barnes 6-31-2H nicely posted a 30-day common of 529 barrels of oil equal per day (boepd). The one-mile lateral Barnes 6-4H nicely averaged 452 boepd in 30 days, Thousand Oaks, California-based Kolibri stated in a press launch. The corporate stated it owns one hundred pc of the wells.
“The Barnes wells proceed to supply excessive percentages of oil (~83 p.c), very similar to the Lovina wells the corporate drilled earlier this 12 months” in the identical discipline, Kolibri stated. “On a comparable lateral size foundation, these wells are producing at a boepd fee that’s 22 p.c increased than the Lovina wells have been producing on the similar time of their manufacturing life”, it added.
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In the meantime the one-mile lateral wells Velin 12-9H and Velin 12-10H yielded 30-day averages of 257 boepd and 176 boepd respectively. Kolibri stated it holds stakes of 97 p.c within the wells.
“The Velin wells are nonetheless bettering and proceed to behave otherwise than the standard wells within the discipline”, Kolibri stated. “There are some variations between these wells and the corporate’s offsetting wells.
“One is that the Velin wells have been shut in longer than our regular time after fracture stimulations have been full. This was because of the shut proximity of all 4 wellbores, and in consequence, the wells wanted to remain shut-in whereas the Barnes wells have been being fracture-stimulated. Whereas that’s customary business apply, it could be a contributing issue to the decrease early manufacturing charges and the slower cleanup.
“Moreover, whereas the formation evaluation of those wells is corresponding to that of the offsetting wells, there may be the presence of elevated pure healed fractures and small-scale faulting, which seems distinctive to this location, probably as a result of being adjoining to a big structural uplift”.
Kolibri famous it had already grown the share of oil in its manufacturing combine from 66 p.c within the third quarter of 2025 to 75 p.c in November 2025.
“We additionally anticipate that the excessive oil proportion will result in decrease decline charges, very similar to the Lovina wells have demonstrated, which is ensuing within the sturdy forecasted inside fee of return”, stated president and chief govt Wolf Rogener.
“The corporate continues to purchase again shares out there and is planning to pay down our line of credit score within the first quarter”.
Tishomingo is Kolibri’s solely producing asset. Kolibri holds oil and gasoline rights to over 17,100 contiguous acres within the discipline, primarily within the Caney and Higher Sycamore formations. The acreage sits within the Ardmore basin, a part of the SCOOP area in southern Oklahoma, Kolibri says on its web site.
In Q3 2025 Kolibri produced 4,254 boepd, up 40 p.c from the identical three-month interval in 2024, the corporate reported November 12.
Income was $15 million for Q3 2025, up15 p.c year-on-year as the rise in output offset a worth decline.
Web earnings was $3.6 million, whereas fundamental earnings per share landed at $0.1 – each down year-over-year. “Web earnings within the third quarter of 2025 included a $0.5 million unrealized loss on commodity contracts in comparison with a $1.3 million unrealized acquire on commodity contracts within the third quarter of 2024”, Kolibri defined. “The lower was additionally as a result of increased depreciation expense and better working bills from elevated manufacturing within the third quarter of 2025 which offset the rise in revenues”.
Adjusted EBITDA totaled $11.1 million for Q3 2025, up 9 p.c year-on-year.
“As we shifted the completion operations of our final 4 wells nearer to the tip of the 12 months, we count on to exit the 12 months with manufacturing at an all-time excessive”, Rogener stated then. “These newest wells may have the most important affect within the first quarter of 2026 by growing manufacturing and producing continued progress for the corporate”.
Kolibri ended Q3 2025 with $14.01 million in present belongings together with $2.95 million in money and money equivalents. Present liabilities stood at $20.14 million.
To contact the writer, electronic mail jov.onsat@rigzone.com
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