KGEI Kolibri Global Energy Inc. Provides Operations Update, Upcoming Conferences and Renews Normal Course Issuer Bid

For best results when printing this announcement, please click on link below: Kolibri Global Energy Inc. Provides Operations Update, Upcoming Conferences and Renews Normal Course Issuer Bid Kolibri Global Energy Inc. (the “Company” or Kolibri”) (TSX: KEI, NASDAQ: KGEI) is pleased to provide the following updates: Operations Update Clifton Mack Wells The Company has successfully completed fracture stimulation on all three Clifton Mack wells: the Clifton Mack 11-14-1HR (99.03% WI), Clifton Mack 11-14-2HR (97.36% WI), and Clifton Mack 11-14-3HR (97.45% WI) wells. The team has just finished drilling out the fracture stimulation plugs. Flowback on all three wells will start shortly, and we expect to report early production rates in a few weeks. False Caney Well The Company finished drilling the lateral of the Lovina 8-5-1HF well (99.9% WI) and is anticipating beginning fracture stimulation of the 1.2-mile lateral early in the fourth quarter. Wolf Regener, CEO and President, commented, “We are excited that the Clifton Mack wells will be coming online shortly and that we completed drilling the Lovina 8-5-1HF well, which is our first test of the False Caney bench. We expect these wells to add significant production and, in the case of the Lovina well, to begin testing to prove up a new bench, which would lead to additional development locations. The Clifton Mack well locations were probable locations in the Company’s December 31, 2025 reserve report, so they will be converted to proved reserves in the next reserve report. The Lovina well location, being in a new bench, was not included in the reserve report at all. With oil prices currently around $100 a barrel, the timing of new production from these wells is looking much better than the $70 a barrel price we anticipated in our June 29(th) 2026 forecast. “The cash flow generated will be used to pay down debt, return capital to shareholders, and, if oil prices remain elevated, should also provide us the ability to drill more wells sooner than anticipated. In addition, proving up a new production horizon in the False Caney bench would add additional drilling locations and potential reserves to our December 2026 Reserve Report. Sidoti Small Cap Virtual Investor Conference Mr. Regener & Gary Johnson, CFO & Vice President, are scheduled to present and host one-on-one meetings with investors live at the Sidoti Small-Cap Virtual Investor Conference. The presentation will be at 1:00 PM Eastern time on September 24th, 2026, which will be followed by an opportunity to ask questions. To register for the presentation or one-on-one meetings, visit Lytham Partners Investor Conference Mr. Regener is scheduled to participate in a webcast presentation which will take place at 11:45 AM Eastern time on September 29, 2026. In addition, both Mr. Regener and Mr. Johnson will be participating in virtual one-on-one meetings on September 29(th) and 30(th), 2026. The webcast can be accessed by visiting the conference website