# Kolibri Global Energy Inc.

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/Kolibri Global Energy Inc.).

## Overview

Kolibri Global Energy Inc. is a North American oil and gas company that owns and operates energy properties in the United States through its subsidiaries. Its business centers on exploring, developing, and producing crude oil and natural gas assets, with an emphasis on identifying and acquiring additional projects.

## Products & services

• Crude oil production
• Natural gas production
• Oil and gas property development
• Energy project acquisition and exploitation
• Non-operated working interests

- **Crude oil production** (60%) — Production and sale of crude oil from operated and non-operated U.S. properties.
- **Natural gas production** (25%) — Production and sale of natural gas associated with the company's operating assets.
- **NGL and byproducts** (5%) — Sale of liquids and other hydrocarbon byproducts from field production.
- **Oil and gas development** (7%) — Drilling, field development, and reserve expansion across owned properties.
- **Non-operated interests** (3%) — Working interests in properties operated by third parties.

- Crude oil production
- Natural gas production
- Oil and gas property development
- Energy project acquisition and exploitation
- Non-operated working interests

## Customers

Kolibri sells into commodity markets rather than to a narrow end-customer base, so its direct counterparties are mainly purchasers and marketers of crude oil and natural gas. The company also participates in assets operated by third parties, which makes its operating partners and service providers important stakeholders in execution. Demand is tied to broader energy consumption and commodity pricing rather than long-term contracted customer relationships.

- **Crude oil buyers** (primary) — Refiners, marketers, and other purchasers that buy produced crude oil at market-linked prices.
- **Natural gas buyers** (primary) — Gas marketers and downstream users that purchase produced natural gas from the company's wells.
- **Midstream and transport counterparties** (secondary) — Pipeline, gathering, and processing partners that move production to market.
- **Third-party operators** (secondary) — Operators of non-operated properties that manage development and production on behalf of working-interest owners.
- **Oilfield service providers** (secondary) — Drilling, completion, and field service firms used to execute the capital program.

- Commodity buyers of crude oil
- Natural gas purchasers and marketers
- Midstream counterparties handling gathering and transport
- Third-party operators on non-operated properties
- Service contractors supporting drilling and field work

## Geography

Kolibri's business is concentrated in the United States, where it owns and operates energy properties through subsidiaries. The company describes itself as a North American energy company, but its operating assets and cash generation are centered in U.S. oil and gas fields. That geographic concentration means results are closely linked to U.S. drilling activity, local regulatory conditions, and domestic commodity pricing differentials.

- Operations are concentrated in the United States
- North American business footprint with U.S. assets
- Listed on TSX and Nasdaq, broadening investor access
- Field development depends on local permitting and services
- Commodity pricing exposure reflects U.S. oil and gas markets

## Strategy

Kolibri's strategy centers on increasing production and reserves through drilling, development, and selective acquisitions. The company also uses operating expertise and, where appropriate, commodity hedging to support cash flow and manage exposure to price swings. Its focus on low-cost U.S. assets is intended to improve scale and reserve life while preserving flexibility in capital allocation.

- **Expand production from existing assets** (short-term) — Higher output supports reserve replacement and better use of the capital base.
- **Grow reserves and resource base** (medium-term) — Reserve growth extends asset life and supports valuation in a depleting-resource business.
- **Acquire complementary energy projects** (medium-term) — Acquisitions can add inventory and diversify development opportunities.
- **Manage commodity and execution risk** (short-term) — Cash flow depends on volatile prices and successful drilling execution.

- Increase production through the drill bit
- Grow reserves by developing existing properties
- Identify and acquire additional oil and gas projects
- Use hedging to manage commodity price volatility
- Preserve a low-cost operating profile

## Risks

Kolibri is exposed to commodity price volatility, since revenue and cash flow depend on oil and gas prices that can change quickly. The business also depends on successful drilling, third-party operators on non-operated properties, and a steady supply chain for equipment and services, making execution risk material. Regulatory change, counterparty credit, and asset impairment risk are also important because the company carries long-lived oil and gas assets that must be supported by future reserves and commodity assumptions.

- **Commodity price volatility** [high] — Production is sold at market-linked oil and gas prices, so earnings and cash flow move with benchmark prices and differentials.
- **Drilling and development execution risk** [high] — The value of the business depends on converting acreage into productive wells and sustaining field performance.
- **Third-party operator risk** [medium] — Non-operated interests rely on outside operators for timing, costs, and operational decisions.
- **Regulatory and environmental risk** [high] — Oil and gas operations are subject to changing laws, permitting, and environmental compliance requirements.
- **Asset impairment risk** [high] — Recoverability of oil and gas assets depends on future prices, production profiles, and reserve estimates.

- Oil and gas price swings directly affect revenue and cash flow
- Drilling and field execution can miss production or cost targets
- Non-operated properties depend on third-party operator performance
- Service, tariff, and supply-chain disruptions can delay capital programs
- Long-lived assets may be impaired if reserve or price assumptions weaken

## Accounting

The most important accounting judgments relate to oil and gas asset recoverability, since development and production assets are tested at the CGU level using reserve, price, and discount-rate assumptions. The company also uses derivative contracts at times to hedge commodity risk, which can create mark-to-market volatility and hedge-accounting complexity. Because production and capital spending can vary by quarter, interim results may not be directly comparable across periods.

- **Oil and gas asset impairment** — Can materially change asset carrying values and earnings if assumptions weaken.
- **Depletion, depreciation, and amortization** — Directly affects operating profit as field output changes.
- **Commodity derivative accounting** — Can add volatility to reported earnings and balance-sheet valuations.
- **Quarterly production timing** — Makes interim results less comparable across quarters.

- CGU recoverability tests affect impairment risk and asset carrying values
- Reserve and price assumptions drive fair value and value-in-use estimates
- Commodity hedges can create unrealized gains and losses
- Depletion, depreciation, and amortization track production volumes
- Quarterly operating results can be affected by field timing and capital spend

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*Last updated: 2026-09-28T12:04:15.121528+00:00*