07:36 AM EDT, 09/09/2025 (MT Newswires) -- Kolibri Global Energy ( KGEI ) said Tuesday the initial 30-day average production rates from its four Lovina wells in the Tishomingo field in Oklahoma exceeded previously disclosed early production levels.

The Lovina 9-16-1H well averaged 565 barrels of oil equivalent per day (boe/d), the 9-16-2H well averaged 629 boe/d, the 9-16-3H well averaged 510 boe/d, and the 9-16-4H well averaged 428 boe/d.

Kolibri said the wells are producing higher oil percentages than many of its earlier wells.

The Forguson 17-20-3H well is producing about 160 boe/d while continuing to flow back fracture stimulation fluid. Kolibri said the flowback is taking longer than other wells in the field because the well is shallower.

Kolibri added that casing is being run in the Barnes 6-31-2H well, after which the rig will move to drill the Barnes 6-31-3H well. Completion of both Barnes wells is planned alongside previously drilled Velin wells.

"We are looking forward to the additional production and cash flow from all of these wells, which we expect will significantly increase the company's cash flow and add incremental value to our shareholders," said Wolf Regener, Kolibri's president and chief executive.