Kolibri Global Energy Inc. (NASDAQ: KGEI) announced its borrowing base increased from $65 million to $75 million on its revolving credit facility held by a bank syndicate led by BOK Financial and including Arvest Bank.

The company currently has approximately $44 million outstanding on the credit facility. Kolibri expects to make a $4 million debt paydown this month and forecasts year-end net debt between $25 million and $30 million.

"The increase in our borrowing base provides us with greater flexibility, supports our production and cash flow growth initiatives, and further demonstrates the value of the field," said Wolf Regener, president and CEO, according to the company statement.

The other terms of the credit facility remain unchanged. The company continues development of its Tishomingo field.

Kolibri also announced it expects to release first quarter 2026 financial and operating results before market open on May 14, 2026. Management will host a conference call for investors and analysts the same day at 9:00 a.m. Pacific time to discuss results and conduct a question-and-answer session.

The energy company focuses on oil and gas projects in North America and owns energy properties in the United States through various subsidiaries.