Kolibri Global Energy Inc. provided an operations update for its Tishomingo field in Oklahoma. Initial Flow Rates The Barnes 7-4H and 7-5H wells, which were drilled and completed in the Lower Caney
Formation are still flowing back fracture stimulation fluid. Over the last seven days the Barnes 7- 4H well has averaged 686 Barrels of oil equivalent per day (534 barrels of oil per day ("BOPD")) and the Barnes 7-5H well has averaged 624 BOEPD (472 BOPD). These two wells are producing at higher rates than the Barnes 8-1H and 8-2H Caney wells did at this stage. These wells are the second group of down-spaced wells in the Caney and were drilled at a 6-well per section spacing pattern, just like the Caney Barnes 8-1H and 8-2H wells. Drilling and Completion Operations The Company has finished drilling the Emery 17-3H and 17-4H wells and is currently drilling the Emery 17-5H. The Emery 17-3H and 17-5H are Lower Caney formation wells, while theEmery 17-4H is a T-Zone well. Completion operations for all three wells are expected to begin in the first week of November. The gathering system issues (reported in the Company's press release dated September 6, 2023) have been mainly resolved. The Company has requested some additional optimization of the gathering system as it is still having a minor impact on the Company's production.