KGEIF Kolibri Global Energy Inc (QX)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

UNDER the Securities Exchange Act of 1934

 

For the month of May 2024

 

Commission File No.: 001-41824

 

Kolibri Global Energy Inc.

(Translation of registrant’s name into English)

 

925 Broadbeck Drive, Suite 220

Thousand Oaks, CA 91320

(Address of principal executive office)

 

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

 

 

 

EXHIBIT INDEX

 

Exhibit		Description
99.1		Press Release dated May 14, 2024

 

 

SIGNATURE

 

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

 

	Kolibri Global Energy Inc.
Date: May 14, 2024	By:	/s/ Gary Johnson
	Name:	Gary Johnson
	Title:	Chief Financial Officer

 

 

 

 

Exhibit 99.1

 

925 Broadbeck Drive, Suite 220 Thousand Oaks, California 91320 Phone: (805) 484-3613   TSX ticker symbol: KEI NASDAQ ticker symbol: KGEI

 

For Immediate Release

 

KOLIBRI GLOBAL ENERGY INC. ANNOUNCES BANK LINE INCREASE

TO $50 MILLION

 

Thousand Oaks, CALIFORNIA, May 14, 2024 – Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to announce that the Borrowing Base of its indirect wholly owned subsidiary BNK Petroleum (US) Inc. was increased from US$40 million to US$50 million on its revolving line of credit (“Credit Facility”) from BOK Financial (“BOKF”), an increase of 25%. The current outstanding amount drawn on the Credit Facility is US$32 million.

 

Wolf Regener, President and CEO, commented, “We are very pleased to have BOKF’s continued support as we continue the development of our Tishomingo project. The 25% increase in our borrowing base provides us with more flexibility and supports our production and cash flow growth initiatives and demonstrates the value of the field.”

 

The other terms of the credit facility remain the same.

 

About Kolibri Global Energy Inc.

 

Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects in oil, gas and clean and sustainable energy. The Company’s shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI.

 

For further information, contact:

 

Wolf E. Regener +1 (805) 484-3613

Email: wregener@kolibrienergy.com

Website: www.kolibrienergy.com

 

 

 

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