Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    Good Life Plus

    MCap

    GBP12m

    Last close

    GBP0.02

    ▲ 0.40 (22.86%)

    KEFI Gold and Copper

    MCap

    GBP39m

    Last close

    GBP0.01

    ▲ 0.11 (20.00%)

    OSE Immunotherapeutics

    MCap

    EUR132m

    Last close

    EUR6.14

    ▲ 0.68 (12.45%)

  • Sectors

    Sectors

  • Investment Strategy

    Investment Strategy

    View All

    Latest

  • Thematics

    Thematics

    View All Thematics

    Latest

  • Audiovisual

    Audiovisual

    View All Audiovisual

    Latest

Kolibri Global Energy (TSX: KEI)

Last close As at 02/07/2024

CAD4.85

— 0.00 (0.00%)

Market capitalisation

CAD172m

Kolibri is a junior unconventional exploration and production (E&P) company operating in the Tishomingo oil field in southern Oklahoma.

The oil price remains favourable for Kolibri, which has a high share of oil in its production mix. The company’s growth story remains intact as it boasts a large proved undeveloped reserve base in the Caney formation alone.

Latest Insights

View More

Oil & Gas | Update

Kolibri Global Energy — Record quarterly production

Oil & Gas | Flash note

Kolibri Global Energy — FY23 reserves show solid replacement rates

Oil & Gas | Update

Kolibri Global Energy — FY24 guidance suggests slower growth

Oil & Gas | Initiation

Kolibri Global Energy — Playing its cards right
Kolibri banner
Visit Website

Equity Analyst

Andrey Litvin

Energy and Resources Analyst

Andrew Keen

MD - Head of Content, Energy & Resources, Industrials

Key Management

  • David Neuhauser

    Chairman

  • Gary Johnson

    CFO

  • Wolf Regener

    Director, president and CEO

Balance Sheet

Forecast net debt (US$m)

30.1

Forecast gearing ratio (%)

15

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 6.0 12.4 (14.4)
Relative 8.5 13.0 (23.1)
52 week high/low C$6.5/C$3.9

Financials

Kolibri reported a 6% q-o-q increase in revenues to US$14.3m in Q1 as a 16% increase in average production to 3,305boepd was partly offset by an 8% drop in the realised basket price. Production costs were negatively affected by the one-off reassessment of legacy processing and gathering fees, which lowered the sequentially flat EBITDA of US$10.6m by a net US$0.2m. Adjusted for these fees, unit cash production costs of US$6.4/boe were down 8% q-o-q. As a result of the lower basket price and higher absolute costs, Q124 netback came in 14% lower at US$38/boe. Kolibri ended the quarter with net debt of US$32.8m (FY23: US$30.2m). Separately, the company announced a 25% increase in its credit facility from BOK Finance to US$50m, with US$18m remaining undrawn.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2022A 48.4 28.9 16.6 46.74 7.6 7.6
2023A 64.4 39.7 22.6 54.12 6.5 6.5
2024E 85.7 53.3 33.9 76.22 4.7 4.6
2025E 91.8 57.1 37.2 82.45 4.3 4.3

Research

IMG_2804

Flash note

Oil & Gas

Kolibri Global Energy — FY23 reserves show solid replacement rates
Kolibri banner

Update

Oil & Gas

Kolibri Global Energy — FY24 guidance suggests slower growth

Oil & Gas

Update

Kolibri Global Energy — Record quarterly production
Kolibri banner

Initiation

Oil & Gas

Kolibri Global Energy — Playing its cards right

Thematics

thematic

Consumer

IPO apocalypse

thematic

TMT

ESG, moving beyond the box tick

thematic

Energy & Resources

Finding the sea of green – The opportunity and options for shipping green H2

thematic

Energy & Resources

Decarbonisation
View All

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free