Kolibri Global Energy Inc. (NASDAQ: KGEI) has moved up the drilling schedule for three wells in its Tishomingo field in Oklahoma and released financial forecasts for 2026 based on current drilling plans.

The company accelerated its timeline for drilling three 1.5-mile lateral wells named Clifton Mac 11-14-1H, 11-14-2H, and 11-14-3H. The multi-well pad has been constructed, surface pipe installation is underway, and the drilling rig is expected to arrive this week to begin operations next week.

For 2026, Kolibri forecasts average production of 4,400 to 4,800 barrels of oil equivalent per day, representing a 10% to 20% increase from fiscal year 2025. Revenue is projected at $74 million to $79 million, up 30% to 39% from 2025. The forecasts assume $74 per barrel oil pricing and include a 67% working interest in the Clifton Mac wells.

Adjusted EBITDA is expected to reach $55 million to $60 million, an increase of 31% to 43% from 2025. Capital expenditures are planned at $24 million to $27 million, with net debt projected at $25 million to $30 million by December 2026.

Wolf Regener, president and CEO, stated that each $5 increase from the assumed $74 oil price would boost forecasted adjusted EBITDA by $2.8 million. The company plans to use generated cash flow to reduce debt, return capital to shareholders, and potentially drill additional wells.

Kolibri Global Energy operates energy properties in the United States through various subsidiaries, focusing on oil and gas exploration and production projects.