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Kolibri Global Energy Inc. Announces Nickel Hill Production Rates and Inclusion in Russell Index [Yahoo! Finance]

Kolibri Global Energy Inc. (KGEI) 
Company Research Source: Yahoo! Finance
to provide an update on its latest wells in its Tishomingo field in Oklahoma and its preliminary inclusion in the Russell US reconstitution portfolio. Initial Flow Rates The Nickel Hill 35-1H & 35-2H wells have been successfully drilled and completed in the Caney Formation. Over the last seven days, the Nickel Hill 35-1H well has averaged 472 Barrels of oil equivalent per day ("BOEPD") (369 barrels of oil per day ("BOPD")), and the Nickel Hill 35-2H well has averaged 478 BOEPD (379 BOPD). The wells are still cleaning up and are currently producing about 510 BOEPD (397 BOPD) and 529 BOEPD (419 BOPD), respectively. Kolibri owns a 62.9% working interest in both of the Nickel Hill wells, which were drilled at a 6-well per section spacing pattern. Russell Microcap Index On May 31, 2024, FTSE Russell, announced that the preliminary Russell US reconstitution portfolio included the addition of Kolibri Global Energy Inc. into the Russell Microcap Index. The newly reconstituted index wi Show less Read more
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