Kolibri reports combined 2,547 Boed from new Oklahoma wells

Kolibri Global Energy reported promising early output from its first False Caney well at its Tishomingo field in Oklahoma: the 1.2-mile-lateral Lovina well is averaging about 636 barrels of oil equivalent per day, including 545 barrels of oil. The company has not booked False Caney locations in its reserves and hopes the formation will support future drilling; it expects upcoming wells to use longer laterals. Three Clifton Mack wells in the Caney are producing a combined 1,911 barrels of oil equivalent per day, including about 720 barrels of oil, after using a revised fracture-stimulation design that has recovered more fluid and sustained higher flowback rates than earlier wells. Kolibri expects the Clifton Mack wells, drilled on acreage classified as probable reserves, to contribute proved reserves in its next report.