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THOUSAND OAKS, Calif. — Kolibri World Power Inc. (the “Firm” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is happy to supply an operations replace for its Tishomingo area in Oklahoma.

First Quarter 2024 Earnings Launch and Earnings Name

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The Firm expects to launch monetary and working outcomes for its first quarter after market shut on Might 13, 2024.

In reference to the earnings launch, administration will host a convention name for buyers and analysts on Might 14, 2024, at 9:00 a.m. PDT to debate the Firm’s outcomes and to host a Q&A session. events are invited to take part by calling:

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Dial-In: 1-877-317-6789
Worldwide Dial-In: 1-412-317-6789
When calling, please request to be joined into the Kolibri World Power Inc. name.

Operations Replace

Completion operations on the Nickel Hill 35-1H and Nickel Hill 35-2H wells started on Monday and the fracture stimulations are going nicely. Early manufacturing outcomes are anticipated close to month finish.

Wolf Regener, President and CEO, commented, “We’re very happy that operations are continuing easily. We sit up for persevering with our success and growing money stream once we convey on these new wells.”

About Kolibri World Power Inc.

Kolibri World Power Inc. is a North American vitality firm targeted on discovering and exploiting vitality initiatives in oil and gasoline. By numerous subsidiaries, the Firm owns and operates vitality properties in the USA. The Firm continues to make the most of its technical and operational experience to determine and purchase extra initiatives in oil, gasoline and clear and sustainable vitality. The Firm’s shares are traded on the Toronto Inventory Change underneath the inventory image KEI and on the NASDAQ underneath the inventory image KGEI.

Cautionary Statements

Warning Relating to Ahead-Wanting Data

Sure statements contained on this information launch represent “forward-looking info” as such time period is utilized in relevant Canadian securities legal guidelines and “forward-looking statements” inside the which means of United States securities legal guidelines (collectively, “ahead trying info”), together with statements concerning the timing of launch of the Firm’s monetary and working outcomes for its first quarter and the timing of and anticipated outcomes from deliberate wells improvement. Ahead-looking info relies on plans and estimates of administration and interpretations of information by the Firm’s technical staff on the date the information is offered and is topic to a number of elements and assumptions of administration, together with that that indications of early outcomes are fairly correct predictors of the prospectiveness of the shale intervals, that required regulatory approvals can be accessible when required, that no unexpected delays, sudden geological or different results, together with flooding and prolonged interruptions because of inclement or hazardous climate situations, tools failures, allowing delays or labor or contract disputes are encountered, that the mandatory labor and tools can be obtained, that the event plans of the Firm and its co-venturers won’t change, that the offset operator’s operations will proceed as anticipated by administration, that the demand for oil and gasoline can be sustained, that the value of oil can be sustained or enhance, that the Firm will proceed to have the ability to entry adequate capital by money stream, debt, financings, farm-ins or different participation preparations to take care of its initiatives, and that world financial situations won’t deteriorate in a way that has an antagonistic influence on the Firm’s enterprise, its skill to advance its enterprise technique and the trade as a complete. Ahead-looking info is topic to quite a lot of dangers and uncertainties and different elements that would trigger plans, estimates and precise outcomes to fluctuate materially from these projected in such forward-looking info. Components that would trigger the forward-looking info on this information launch to alter or to be inaccurate embody, however usually are not restricted to, the danger that any of the assumptions on which such ahead trying info relies fluctuate or show to be invalid, together with that the Firm or its subsidiaries isn’t in a position for any motive to acquire and supply the data essential to safe required approvals or that required regulatory approvals are in any other case not accessible when required, that sudden geological outcomes are encountered, that tools failures, allowing delays, labor or contract disputes or shortages of apparatus, labor or supplies are encountered, the dangers related to the oil and gasoline trade (e.g. operational dangers in improvement, exploration and manufacturing; delays or modifications in plans with respect to exploration and improvement initiatives or capital expenditures; the uncertainty of reserve and useful resource estimates and projections regarding manufacturing, prices and bills, and well being, security and environmental dangers, together with flooding and prolonged interruptions because of inclement or hazardous climate situations), the danger of commodity value and international change price fluctuations, that the offset operator’s operations have sudden antagonistic results on the Firm’s operations, that completion strategies require additional optimization, that manufacturing charges don’t match the Firm’s assumptions, that very low or no manufacturing charges are achieved, that the value of oil will decline, that the Firm is unable to entry required capital, that occurrences reminiscent of these which might be assumed won’t happen, do in reality happen, and people situations which might be assumed will proceed or enhance, don’t proceed or enhance, and the opposite dangers and uncertainties relevant to exploration and improvement actions and the Firm’s enterprise as set forth within the Firm’s administration dialogue and evaluation and its annual info kind, each of which can be found for viewing underneath the Firm’s profile at www.sedarplus.ca, any of which may lead to delays, cessation in deliberate work or lack of a number of concessions and have an antagonistic impact on the Firm and its monetary situation. The Firm undertakes no obligation to replace these forward-looking statements, aside from as required by relevant regulation.

View supply model on businesswire.com: https://www.businesswire.com/news/home/20240508018453/en/

Contacts

Wolf E. Regener +1 (805) 484-3613
E-mail: wregener@kolibrienergy.com
Web site: www.kolibrienergy.com

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