Kolibri Global Announces Barnes 8-4H Well Currently Producing about 600 BOEPD

Source: www.gulfoilandgas.com 4/25/2022, Location: North America

Kolibri Global Energy Inc. (“KEI”) (KGEIF) is providing an update on the Barnes 8-4H well (98.07% working interest), in its Tishomingo field in Oklahoma.

The Barnes 8-4H well has averaged about 600 Barrels of oil equivalent per day “BOEPD” (515 Barrels of oil per day “BOPD”) for the last few days as the well has been cleaning up from the stimulation.

Wolf Regener, President and CEO, commented. “We are very pleased about the early performance of the Barnes 8-4H well. These early results are while the well is still flowing up casing as tubing is scheduled to be installed later this week. Since the production from the Barnes 8-4H is not hedged, the Company is generating netbacks of over $50 per BOE from the production assuming a $95/barrel oil price. To put the well performance in perspective, the 30 day proved forecast curve case initial production rate (IP30) utilized by our third-party engineering firm for our reserve report is 388 BOEPD, while the initial 30 day type curve utilized by the Company’s management assumes a 472 BOEPD IP30 rate.

“Since we are only in the very beginning of the 30 day initial production time period, there can be no assurance as to what the Barnes 8-4H well’s 30-day initial rate or ultimate productivity will be. Based on the current performance of the well and the expectation that it will perform similar to our previous core area wells, we anticipate that the well will end up with an IP30 rate that is much higher than the reserve report proved forecast case and above the type curve utilized by the Company’s management.”


Colombia >>  8/8/2022 - - Average Total Production of 30,607 BOPD, Highest since Fourth Quarter 2019
- Total Average Production Up 4% from First Quarter 2022 and 33% fr...

Ghana >>  8/8/2022 - Kosmos Energy Ltd. announced its financial and operating results for the second quarter of 2022. For the quarter, the Company generated a net income o...

Oman >>  8/8/2022 - Masirah Oil Limited (“MOL”) would like to provide an update on the Yumna Field.

The flowline has been replaced and production in the Yum...

United States >>  8/8/2022 - Mosman Oil and Gas Limited (MSMN) the oil and gas exploration, development, and production company, announces its production for the year ended 30 Jun...

United States >>  8/4/2022 - ConocoPhillips (COP) reported second-quarter 2022 earnings of $5.1 billion, or $3.96 per share, compared with second-quarter 2021 earnings of $2.1 bil...
Gabon >>  8/3/2022 - VAALCO Energy Inc. provided an update on the South Tchibala 1HB-ST well, as well as updated full year production guidance. ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.