Kolibri Global Energy Inc. provided an update on the production exit rate and its latest wells in its Tishomingo field in Oklahoma. The Company exited the year with a production rate over 4,000 BOEPD (barrels of oil equivalent per day). This is 1,300 BOEPD, or 48% higher than the Company's forecasted exit rate released in May of 2022.

The Emery 17-2H well (98.725% working interest) had a 30-day Initial Production Rate (IP30) of 715 BOEPD (560 BOPD) (barrels of oil per day). The Brock 9-3H well (100% working interest) had an IP30 of 970 BOEPD (820 BOPD). The Glenn 16-3H well (100% working interest) has averaged about 935 BOEPD (765 BOPD) for twenty-two production days while the well has been flowing back the completion stimulation fluid.

The production from this well had been halted for a portion of December due to a packer malfunction, but production had resumed on the well by the end of the month.