11:55 AM EST, 01/14/2025 (MT Newswires) -- (Updates shares.)

Kolibri Global Energy ( KGEI ) on Tuesday said it expects its revenue and production from the the Tishomingo field in Oklahoma to rise in 2025.

The company's 2025 guidance includes a 38% to 40% increase in average production to a range of 4,500 to 5,100 barrels of oil equivalent per day, and a 32% to 44% rise in revenue to a range of US$75 million to US$89 million.

Kolibri also projected a 35% to 48% increase in adjusted EBITDA to a range of US$58 million to US$71 million.

Kolibri set a capital expenditure guidance of US$48 million to US$53 million, year-end net debt of US$25 million to US$30 million, and debt-to-EBITDA ratio of below 1.0.

"We are excited to forecast another strong year of growth in 2025, which builds upon the tremendous growth we have already experienced in the last three years," chief executive Wolf Regener said. "The company's strong balance sheet and our conservative price forecast allows us the ability to adjust the timing of the wells planned for the second half of 2025 based on the price of oil and the performance of the wells."

Kolibri shares were last seen down $0.01 to $8.83 on the Toronto Stock Exchange.

Price: 8.87, Change: -0.06, Percent Change: -0.67