Kolibri Global Energy announced its strong initial results from the first well located in the False Caney field in Tishomingo, Oklahoma. This well, known as Lavina 5-8-1HF, produces an average of 636 barrels of oil equivalent per day (boed), which includes approximately 545 barrels of oil per day (bpd). The horizontal section of this well is 1.2 miles long.
Drilling Details and Future Plans
Although none of Kolibri's current reserves in the False Caney field have been recorded, the company hopes that this field will serve as a new resource for future drilling. Wolf Regener, President and CEO of Kolibri, stated: "We are very pleased with the strong initial results from the False Caney test. We expect future wells in this field to be drilled primarily with a length of 2 miles, which will lead to further increases in production rates, provided that the production level per foot of the horizontal section remains similar."
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Results from Clifton Mack Wells
Kolibri also provided new results from three Clifton Mack wells in the Caney field that utilized a new fracture mobility design. These wells, in which Kolibri has a working interest of between 97.45% and 99.03%, produce approximately 1,911 barrels of oil equivalent per day, including about 720 barrels of oil per day. These wells performed differently compared to previous Caney wells and managed to recover more mobility fluids and maintain higher rates of fracture fluids.
Because these wells were drilled in areas classified as probable reserves, Kolibri expects that these wells will increase the recorded reserves in future reserve reports. Kolibri plans to continue developing the Caney field and to test new platforms that are not yet included in the company's reserve report, utilizing the new fracture mobility design with further modifications based on lessons learned from these wells.
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