SCHEDULE: Tetragon Entities Disclose 19.8% Stake in Kolibri Energy

Multiple Tetragon-affiliated entities and individuals have disclosed significant beneficial ownership, totaling 19.8% of Kolibri Global Energy Inc.'s common shares.

Summary

• Tetragon Financial Group Limited and its related asset management entities, along with principals Patrick G.G. Dear and Reade E. Griffith, collectively reported beneficial ownership of 7,070,568 common shares of Kolibri Global Energy Inc., representing 19.8% of the class.
• Westbourne River Event Master Fund and TFG Asset Management US LP reported beneficial ownership of 4,401,501 common shares, equating to 12.4% of the class.
• The reported percentages are based on an aggregate of 35,625,587 shares outstanding as of November 13, 2023.
• All reported shares are held with shared voting and shared dispositive power among the respective reporting persons.
• Blackwell Partners LLC (the 'Managed Account') has the right to receive dividends or proceeds from the sale of more than 5% of the shares, with its holdings included in the larger 19.8% beneficial ownership group.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's operational or financial performance.

Positives

• Significant institutional investment by Tetragon-affiliated entities may signal confidence in Kolibri Global Energy Inc.'s prospects.
• The substantial stake held by a sophisticated financial group could provide a degree of stability to the shareholder base.

Negatives

• NA

Risks

• NA

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

The disclosure of a significant institutional stake by Tetragon-affiliated entities in Kolibri Global Energy Inc. indicates continued investor interest in the energy sector, particularly in companies like Kolibri that operate in oil and gas exploration and production.

Stakeholder Impact

• Shareholders: Increased institutional ownership may be viewed positively, potentially enhancing market confidence and liquidity.
• Management: A significant institutional stake could lead to increased scrutiny or engagement from these large shareholders regarding corporate strategy and governance.

Key Dates

Keywords

Kolibri Global Energy Inc., Tetragon Financial Group, Beneficial Ownership, Schedule 13G, Institutional Investment, Energy Sector, Common Shares, SEC Filing