(Oil & Gas 360) – Kolibri Global Energy reported encouraging initial production results from four wells in its Tishomingo field in Oklahoma, including its first test of the False Caney formation, which could expand the company’s future drilling inventory and ultimately support additional proved reserves.The company announced November 11 that its Lovina 5-8-1HF well, drilled with a 1.2-mile horizontal lateral in the False Caney, has averaged approximately 636 barrels of oil equivalent per day, including 545 barrels of oil per day.The results are particularly important because Kolibri currently has no False Caney drilling locations included in its reserves report. Successful development of the formation could create additional opportunities without requiring the company to establish an entirely new operating area.Kolibri expects future False Caney wells to use horizontal laterals approximately two miles long. Management believes longer laterals could support higher production rates if productivity per foot remains comparable to the initial test.However, additional drilling and production history will be necessary to determine whether those expectations are achievable. The company also reported updated results from three Clifton Mack wells targeting the established Caney formation.Those wells are producing approximately 1,911 barrels of oil equivalent per day combined, including about 720 barrels of oil per day.Kolibri holds working interests ranging from approximately 97.45% to 99.03% in the three wells.The Clifton Mack wells incorporated a revised hydraulic fracturing design intended to improve completion performance. According to the company, the wells have recovered more fracture stimulation fluid during initial flowback than earlier Caney completions.Management said the different flowback characteristics could influence how production develops as the wells continue operating.The three Clifton Mack wells were drilled in areas classified as probable reserves in Kolibri’s existing reserve report. Continued successful production could support the reclassification of some of those volumes as proved reserves in future evaluations.Kolibri President and Chief Executive Officer Wolf Regener said the company plans to continue developing the established Caney formation while evaluating additional productive intervals that are not currently represented in its booked reserves.The company also expects to incorporate lessons from the latest completions into future hydraulic fracturing designs.For institutional investors, the update highlights two potential sources of value: incremental production from existing development acreage and possible expansion of the company’s economic drilling inventory.The four wells have a combined reported production rate of approximately 2,547 barrels of oil equivalent per day, although the figures reflect different stages of early production and should not be interpreted as stabilized output.The principal investment considerations include production decline rates, well costs, commodity prices and the ability to replicate initial results across additional locations.If the False Caney proves commercially repeatable, Kolibri could increase its development inventory and reserve base. For now, the results provide encouraging technical evidence rather than confirmation of a broader commercial development program.Disclaimer This informational, opinion, and insights article is provided for informational purposes only and does not constitute investment, legal, or financial advice. The views expressed are based on publicly available information and market conditions at the time of publication and are subject to change without notice.