UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

Washington,D.C. 20549

 

FORM6-K

 

Reportof Foreign Private Issuer

Pursuantto Rule 13a-16or 15d-16

UNDERthe Securities Exchange Act of 1934

 

Forthe month of June 2025

 

CommissionFile No.: 001-41824

 

KolibriGlobal Energy Inc.

(Translationof registrant’s name into English)

 

925Broadbeck Drive, Suite 220

ThousandOaks, CA 91320

(Addressof principal executive office)

 

Indicateby check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☐ Form40-F ☒

 

 

 

 

 

 

EXHIBITINDEX

 

Exhibit   Description
99.1   Press Release dated June 25, 2025

 

 

 

 

SIGNATURE

 

Pursuantto the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf bythe undersigned, thereunto duly authorized.

 

  Kolibri Global Energy Inc.
   
Date: June 25, 2025 By: /s/ Gary Johnson
  Name: Gary Johnson
  Title: Chief Financial Officer

 

 

 

Exhibit99.1

 

 

925 Broadbeck Drive, Suite 220

Thousand Oaks, California 91320

Phone: (805) 484-3613

 

TSX ticker symbol: KEI

NASDAQ ticker symbol: KGEI

 

ForImmediate Release

 

KOLIBRIGLOBAL ENERGY INC. ANNOUNCES A 30 PERCENT BANK LINE INCREASE, RUSSELL 2000 INCLUSION AND OPERATIONS UPDATE

 

ThousandOaks, CALIFORNIA, June 25, 2025 – Kolibri Global Energy Inc. (the “Company” or “Kolibri”)(TSX: KEI, NASDAQ: KGEI) is pleased to announce the following:

 

CREDITFACILITY

 

Theavailable borrowing base of the Company’s indirect wholly owned subsidiary, Kolibri Energy US Inc., was increased from US$50 millionto US$65 million on its revolving line of credit (“Credit Facility”). This was a 30% increase on the Credit Facilitywhich is held by a bank syndicate which is led by BOK Financial (“BOKF”) and now includes Arvest Bank. All other termsof the credit facility remain the same. The current outstanding amount drawn on the Credit Facility is US$30.5 million.

 

RUSSELL2000

 

Kolibriis expected to be included in the Russell 2000 Index at the conclusion of the 2025 Russell Indexes Annual Reconstitution, according toa preliminary list of additions posted by FTSE Russell on June 20, 2025. The inclusion in the index will take effect after the U.S. marketopens on June 27, 2025.

 

Membershipin the Russell 2000 Index, which remains in place for one year, includes inclusion in the appropriate growth and value style indexes.FTSE Russell is a leading global index provider and membership for its Russell indexes is determined primarily by objective, market-capitalizationrankings, and style attributes.

 

Russellindexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.As of May 2025, approximately $10.6 trillion in assets are benchmarked to a Russell index. Reference information on the reconstitutionprocess, including member additions and deletions, can be found at: www.lseg.com/en/ftse-russell/russell-reconstitution.

 

OPERATIONSUPDATE

 

TheLovina 9-16-1H, Lovina 9-16-2H, Lovina 9-16-3H, and Lovina 9-16-4H wells (100% working interest) are currently being fracture stimulated.The completion operations are proceeding well, even though they were off to a slower than anticipated start due to the heavy rains, whichcaused flooding and other issues earlier in the month. The wells are anticipated to begin production in July.

 

 
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TheForguson 17-20-3H well has been successfully drilled and will be fracture stimulated after the Lovina wells have been completed. Kolibriis operator and has a 46% working interest in this well, which is testing the economics of the Company’s eastern acreage whichis comprised of 3,000 acres.

 

WolfRegener, President and CEO, commented, “We are very pleased to have BOKF’s continued support and appreciate the new supportfrom Arvest Bank, who joined the syndicate. The 30% increase in our borrowing base provides us with more working capital flexibilityand supports our production and cash flow growth initiatives and continues to demonstrate the value of the field.

 

“Weare also excited that inclusion in the Russell 2000 index will further improve the visibility of our Company among investors. This isa significant milestone for us, which we believe is a result of our successful efforts to increase shareholder value.

 

“Thefracture stimulation of the four Lovina wells is progressing well and we are looking forward to the completion of these wellsand the Forguson well.

 

“Theeast side acreage, where the Forguson well is located and Kolibri has approximately 3,000 net acres, is not included in the December31, 2024 reserve report. The Caney target for the Forguson well has very similar characteristics and thickness as in the main part ofthe field in Kolibri’s proved acreage, except that it is shallower. If the Forguson well proves to be economic, in addition toadding cash flow, it could lead to many additional development locations for the Company.”

 

“Weare looking forward to the additional production from all of these wells, which we expect will significantly increase the Company’scash flow. We believe our 2025 drilling program, as well as the continuation of our normal course issuer bid share buyback program, willcontinue to add incremental value to our shareholders.”

 

VIRTUALNON-DEAL ROADSHOW

 

Mr.Regener and Mr. Johnson will be participating in Remark’s Virtual Non-Deal Roadshow for Houston on June 30th, 2025.Investors can join the presentation by registering in advance on Renmark’s website at https://www.renmarkfinancial.com/events.A replay of the presentation will also be available via a link on Kolibri’s website in the next week.

 

AboutKolibri Global Energy Inc.

 

KolibriGlobal Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through varioussubsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical andoperational expertise to identify and acquire additional projects in oil and gas. The Company’s shares are traded on the TorontoStock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI.

 

Forfurther information, contact:

 

WolfE. Regener +1 (805) 484-3613

Email:wregener@kolibrienergy.com

Website:www.kolibrienergy.com

 

 
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CautionRegarding Forward-Looking Information

 

Certainstatements contained in this news release constitute “forward-looking information” as such term is used in applicable Canadiansecurities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forwardlooking information”), including statements regarding the timing of and expected results from planned wells development, wellsperforming as anticipated, including anticipated increases in production, cash flow, higher rates of return and efficiencies, statementsregarding the estimated average cost for the facilities, statements regarding drilling and completing the Forguson 3H, Lovina 1H, Lovina2H, Lovina 3H and Lovina 4H wells, statements regarding additional development locations for the Company, and statements regarding theCompany’s anticipated inclusion on the Russell 2000 Index. Forward-looking information is based on plans and estimates of managementand interpretations of data by the Company’s technical team at the date the data is provided and is subject to several factorsand assumptions of management, including that indications of early results are reasonably accurate predictors of the prospectivenessof the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geologicalor other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures,permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the developmentplans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management,that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the gathering system issueswill be resolved, that the Company will continue to be able to access sufficient capital through cash flow, debt, financings, farm-insor other participation arrangements to maintain its projects, that the Company’s inclusion in the preliminary list of additionsposted by FTSE Russell indicates that the Company will be included in the Russell 2000 Index, and that global economic conditions willnot deteriorate in a manner that has an adverse impact on the Company’s business, its ability to advance its business strategyand the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that couldcause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that couldcause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk thatany of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company orits subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that requiredregulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures,permitting delays, labor or contract disputes or shortages of equipment, labor or materials are encountered, the risks associated withthe oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respectto exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relatingto production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclementor hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’soperations have unexpected adverse effects on the Company’s operations, that completion techniques require further optimization,that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the gatheringsystem operator doesn’t get the issues resolved, that the price of oil will decline, that the Company is unable to access requiredcapital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed willcontinue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activitiesand the Company’s business as set forth in the Company’s management discussion and analysis and its annual information form,both of which are available for viewing under the Company’s profile at www.sedarplus.ca,, any of which could result in delays,cessation in planned work or loss of one or more leases and have an adverse effect on the Company and its financial condition. The Companyundertakes no obligation to update these forward-looking statements, other than as required by applicable law.

 

CautionRegarding Future-Oriented Financial Information and Financial Outlook

 

Thisnews release may contain information deemed to be “future-oriented financial information” or a “financial outlook”(collectively, “FOFI”) within the meaning of applicable securities laws. The FOFI has been prepared by management to providean outlook of the Company’s activities and results and may not be appropriate for other purposes. The FOFI has been prepared basedon a number of assumptions including the assumptions discussed above under “Caution Regarding Forward-Looking Information”.The actual results of operations of the Company and the resulting financial results may vary from the amounts set forth herein, and suchvariations may be material. The Company and management believe that the FOFI has been prepared on a reasonable basis, reflecting management’sbest estimates and judgments. FOFI contained in this news release was made as of the date of this news release and the Company disclaimsany intention or obligations to update or revise any FOFI contained in this news release, whether as a result of new information, futureevents or otherwise, unless required pursuant to applicable law.