Kolibri Global Energy at Small-Cap Virtual Conference: reserve upside in focus

On Thursday, September 24th, 2026, Kolibri Global Energy (KGEI) presented its business at the Small-Cap Virtual Conference. The company highlighted its growth, profitability, and a reserve value that surpasses its current market capitalization. Despite the usual risks associated with oil prices and well performance, Kolibri is positioned to enter 2026 with stronger production, low leverage, and several wells that could increase both output and reserves, assuming results hold.

The company expects 2026 production to reach approximately 5,000 barrels of oil equivalent per day (BOE/d), a 17% to 30% increase from 2025. Adjusted EBITDA is projected to hit $60 million at the midpoint, marking a 33% to 47% increase year-over-year. As of the last quarter, KGEI had $42 million in debt, maintaining a debt-to-EBITDA ratio below 1.0x.

The company boasts 40 million barrels of proved reserves and 57 million barrels of proved probable reserves, with the total reserve value significantly exceeding its market capitalization of $234 million. Management emphasized a conservative balance-sheet approach, with debt-to-EBITDA remaining below 1.0x. U.S. market capitalization stands at $234 million, while total debt at the end of the last quarter amounted to $42 million.

The enterprise value is estimated at $276 million. Regener, Kolibri's Chief Executive, noted that the company's reserve value suggests a discrepancy between the stock price and the underlying asset base. He revealed the company holds about 40 million barrels of proved reserves and 57 million barrels of proved probable reserves, valuing proved reserves at $441 million and proved and probable reserves at just under $600 million under a conservative $58 a barrel oil assumption for 2026. Current share price hovers around $6.50.