Kolibri Global Energy Inc. (“KEI”) (KGEIF) is pleased to announce that it has brought in a second drilling rig to drill the Emery 17-2H well located in
the Company’s Tishomingo field in Oklahoma.
The Company anticipates spudding the Emery 17-2H well in the next few days. The drilling rig began moving in over the weekend. The Emery 17-2H is one of the five wells in the Company’s 2022 drilling program. The completion operations for the well are planned for the end of October.
The other drilling rig is currently drilling the lateral portion of the Brock 9-3H, with oil and gas shows as expected. After drilling the Brock 9-3H, the rig will slide over to drill the Glenn 16-3H from the same pad. The completion operations for the Brock 9-3H and Glenn 16-3H wells are planned to commence after the Emery 17-2H well is completed.
Wolf Regener, President, and CEO, commented, “We are pleased to add a second rig so that we are able to drill the Emery 17-2H well now and begin production from the new wells sooner than we previously thought. We look forward to getting all three of these wells on production, which will further increase our cash flow.”