Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    Pharnext

    MCap

    1m

    Last close

    EUR0.10

    ▲ 0.03 (42.86%)

    MoneyHero

    MCap

    USD60m

    Last close

    USD2.35

    ▲ 0.55 (30.56%)

    MGI – Media and Games Invest

    MCap

    EUR235m

    Last close

    EUR1.50

    ▲ 0.35 (30.21%)

  • Sectors

    Sectors

  • Investment Strategy

    Investment Strategy

    View All

    Latest

  • Thematics

    Thematics

    View All Thematics

    Latest

  • Audiovisual

    Audiovisual

    View All Audiovisual

    Latest

Kolibri Global Energy (TSX: KEI)

Last close As at 26/04/2024

CAD4.29

▲ −0.07 (−1.61%)

Market capitalisation

CAD153m

Kolibri is a junior unconventional exploration and production (E&P) company operating in the Tishomingo oil field in southern Oklahoma.

The oil price remains favourable for Kolibri, which has a relatively high share of oil in its production mix, and should provide additional support to the shares. KEI’s growth story remains intact as the company boasts a large proved undeveloped reserve base in the Caney formation alone, without taking into account any potential upside from the T-zone.

Latest Insights

Oil & Gas | Flash note

Kolibri Global Energy — FY23 reserves show solid replacement rates

Oil & Gas | Update

Kolibri Global Energy — FY24 guidance suggests slower growth

Oil & Gas | Initiation

Kolibri Global Energy — Playing its cards right
Kolibri banner
Visit Website

Equity Analyst

Andrey Litvin

Energy and Resources Analyst

Andrew Keen

MD - Head of Content, Energy & Resources, Industrials

Key Management

  • David Neuhauser

    Chairman

  • Gary Johnson

    CFO

  • Wolf Regener

    Director, president and CEO

Balance Sheet

Forecast net debt (US$m)

29.1

Forecast gearing ratio (%)

17

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (1.4) (3.6) (14.7)
Relative (1.1) (7.1) (20.3)
52 week high/low C$6.5/C$3.9

Financials

Kolibri Global Energy (KEI) expects average production of 3,500–4,000boepd in FY24, an increase of 25–33% on FY23 guidance, based on six to seven new well completions. The three-well Emery pad commissioned in late 2023 delivered the initial 30-day production rate of 960boed, with more fracture stimulated fluid recovered, resulting in a different flowback and early production profile compared to other wells. The fracture stimulation of the three wells has also affected the surrounding wells more than initially expected. While KEI is analysing data on the Emery wells, prioritising Caney drilling in the meantime, we understand that the main impact on other wells is already behind, and these operational issues are unlikely to recur.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2021A 15.0 9.3 (0.4) (1.72) N/A 1.0
2022A 37.6 28.9 16.6 46.74 6.6 6.6
2023E 53.2 41.3 21.8 61.14 5.0 5.0
2024E 72.7 58.7 38.2 107.11 2.9 2.9

Research

Kolibri banner

Update

Oil & Gas

Kolibri Global Energy — FY24 guidance suggests slower growth
Kolibri banner

Initiation

Oil & Gas

Kolibri Global Energy — Playing its cards right
IMG_2804

Oil & Gas

Flash note

Kolibri Global Energy — FY23 reserves show solid replacement rates

IMG_2804

Thematics

thematic

Consumer

IPO apocalypse

thematic

TMT

ESG, moving beyond the box tick

thematic

Energy & Resources

Finding the sea of green – The opportunity and options for shipping green H2

thematic

Energy & Resources

Decarbonisation
View All

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free