08:01 AM EST, 12/05/2024 (MT Newswires) -- Kolibri Global Energy ( KGEI ) said on Thursday that the Alicia Renee well pad, its latest within the Tishomingo field in Oklahoma, is still producing over 2,800 barrels of oil equivalent per day (boe/d).

The initial 30-day average production rate for the Alicia Renee 2-11-3H well was 1,062 boe/d, while the Alicia Renee 2-11-4H well averaged 883 boe/d.

The Alicia Renee 2-11-5H well averaged 706 boe/d.

Current production for the Alicia 3H, Alicia 4H and Alicia 5H wells are about 1,080 boe/d, 980 boe/d and 800 boe/d, respectively.

"We are extremely pleased with how strong these longer lateral Caney wells are performing so far, with all of them still flowing up casing," President and CEO Wolf Regener said. "Also, the expected all-in costs of less than US$6.3 million per well, combined with the great production results so far, indicate the wells to likely be more economic than we had forecast."

Kolibri's share price closed 1.8% higher yesterday at $6.16 on the TSX.