Our latest episode features Wolf E. Regener, President and CEO of Kolibri Global Energy Inc. (NASDAQ: KGEI) (TSX: KEI), a North American energy company focused on finding and exploiting energy projects in oil and gas.
During the interview hosted by Carmel Fisher, Regener discussed Kolibri Global Energy’s efforts to sustain healthy margins despite oil price volatility.
“It’s all about the wells that we have drilled performing, but we have enough production history that it shouldn’t be a big risk. We’re also drilling new wells, so there’s always some variability. Despite this, we try to be conservative in our forecasts and drill in proven locations to avoid taking big risks. We do have one well that we’re drilling this year that has a higher risk profile.
We have a 46% interest in that project, and a large integrated oil company is our partner—people can probably figure out who that is. That partnership reduces some of our risk and enables us to prove up even more reserves, because those are not in our reserve report right now. That’s another 3,000 acres that we could potentially prove up economically.”
Join Harvest’s Carmel and Wolf E. Regener, President and CEO of Kolibri Global Energy, as they discuss the company’s strategic approach to location prioritization.
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