Kolibri Global Signs Contract to Drill in January 2022

Source: www.gulfoilandgas.com 12/8/2021, Location: North America

Kolibri Global Energy Inc., 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.

The location for the Barnes 7-3H is currently being built and will be completed within a week. All services are being lined up for an expected spud date at the beginning of January.

Wolf Regener, President, and CEO commented. “We are very pleased that we have begun activities to drill our next well. The Barnes 7-3H well location is in the heart of our field, where our best performing wells are located. By incorporating all the knowledge learned from our previous wells we are hoping that this well meets or even exceeds our type-curve expectations which would significantly increase the Company’s cash flow at current prices and add incremental value to the shareholders.”


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