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    Andrey Litvin • H.C. Wainwright & Co.

    Andrey Litvin is a seasoned analyst specializing in the metals and mining sectors, with over 20 years of industry experience. He has covered a wide variety of companies in the energy and resources space and is recognized for his in-depth research and sector knowledge. Litvin is noted for his long-term analyst career, including more than a decade at Edison Group, where he played a key role as part of their energy and resources team. He holds advanced professional credentials in financial analysis and maintains a strong track record of providing actionable investment insight for institutional clients.

    Andrey Litvin's questions to Kolibri Global Energy Inc (KGEI) leadership

    Andrey Litvin's questions to Kolibri Global Energy Inc (KGEI) leadership • Q2 2024

    Question

    Andrey Litvin of H.C. Wainwright & Co. inquired about the weaker Q2 gas and NGL pricing, the expected economic improvements from new longer lateral wells, plans for existing DUCs, and the potential for recurring prior-period processing cost adjustments.

    Answer

    Executive Wolf E. Regener explained that gas pricing is somewhat of a 'black box' due to their marketing arrangement with XTO, but it tends to average out over time. Regarding longer laterals, he stated the company conservatively budgets for a 1.35x production increase over single-mile wells but hopes for a 1.5x improvement. He also noted that the two existing DUCs will likely be completed next year along with other new wells in that area. CFO Gary W. Johnson added that the company is not aware of any further prior-period cost adjustments coming.

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