The Aruchara-4 ST-1 well was successfully tied into the Central Processing Facility at Maria Conchita and is now producing up to 15.9 MMcf/d with significant wellhead pressure of 1,434 psi. With a minor modification to the compressor lines in the CPF, production could increase from 15.9 MMcf/d up to 19.8 MMcf/d while maintaining wellhead pressure above 650 psi. The new gas volumes are expected to be sold at prices [...]
NG Energy International is pleased to announce that it has filed its financial results for the three and six months ended June 30, 2025. The Company's consolidated financial statements and management's discussion and analysis for the three and six months ended June 30, 2025 are available on the Company's website and profile on SEDAR+. Q2 2025 Highlights: As at the end of Q2 2025, the Company has achieved average daily [...]
NG Energy International is pleased to announce the spudding of the Aruchara-4 well at Maria Conchita and that aggregate gross production from Sinu-9 has reached 22 MMcf/d. The Company is also pleased to provide an operational update for both Maria Conchita and Sinu-9. Maria Conchita At Maria Conchita, the Company has commenced drilling of the Aruchara-4 well, which targets the Jimol formation and aims to develop the H1A [...]
NG Energy International is pleased to announce that, further to the Company's news release dated June 23, 2025, the TSX Venture Exchange has accepted the Company's application to extend the expiry date of its outstanding common share purchase warrants issued on November 30, 2022 to Nov 30, 2027. The November 2022 Warrants, which were set to expire on Nov 30, 2025, were originally issued in connection with the Company's [...]
NG Energy International is pleased to announce that the Company and Etablissements Maurel & Prom, have agreed to acquire a collective 28% working interest in Sinu-9 from the Company's minority partners at the block. Upon completion of the acquisition of the Minority Interests from the Minority Partners, as well as completion of the sale to M&P of a 40% working interest in Sinu-9, as announced in the Company's February 10 [...]
Sinu-9 currently producing over 12 MMcf/d, expected to increase to a minimum of 15 MMcf/d in early July 2025 Expansion of processing and compression capacity at Sinu-9 to 45-50 MMcf/d is expected in Q3 once additional dew point handling equipment is installed Construction is ongoing for the twin pipeline at Sinu-9, increasing transportation capacity to 60 MMcf/d by Q1 2026 Spudding of the Aruchara-4 well at Maria Conchita [...]
NG Energy International is pleased to announce that it has filed its financial results for the three months ended March 31, 2025. The Company's consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2025 are available on the Company's website and profile on SEDAR+. Q1 2025 Highlights: The Company announced the sale of a 40% WI in Sinu-9 to Etablissements Maurel et [...]
Focus in FY 2024 was on the construction of critical infrastructure, which resulted in first natural gas production from the Company's second natural gas field, the 300,000+ acre Sinu-9 Block Over $70 million in fundraising from the Company's equity offering and debt refinancing, as well as the hiring of additional operational and technical team members to support the Company's reserves and production growth Subsequent to [...]
NG Energy International is pleased to announce that the Company has achieved steady production volumes in excess of 10 MMcf/d from its Magico-1X well and Brujo-1X well with the successful gathering, treatment, compression and delivery of the gas under the Unified Transportation Regulation's quality conditions to the Promigas National Transportation System. From the Magico-1X well, over the course of 20 days, the Company [...]
57% increase to 1P reserves to Company gross 81.0 Bcf for before tax NPV10 of US$123.5 million 21% increase to 2P reserves to Company gross 196.0 Bcf for before tax NPV10 of US$328.4 million 20% increase to 3P reserves to Company gross 364.7 Bcf for before tax NPV10 of US$555.4 million Company gross unrisked best estimate contingent resources of 173.6 Bcf for before-tax NPV10 of US$231.4 million Company gross unrisked [...]
NG Energy International is pleased to provide an update on its recent operational activities, as well as its previously announced transaction with Etablissements Maurel & Prom. Operational Update Sinu-9 Block At Sinu-9, the Company is pleased to announce the commissioning of the mobile plant on its Brujo-1X platform. The mobile plant is now successfully installed, commissioning is advancing and the Company has received [...]
NG Energy International is pleased to announce that further to its news release dated January 20, 2025, it has entered into a definitive asset purchase agreement with Etablissements Maurel & Prom for the sale of a 40% operating working interest in the Sinu-9 Block for total cash consideration of US$150 million. The transfer of the 40% operating working interest in Sinu-9 to M&P is effective as of Febr 1, 2025. Sinu-9 [...]
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