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 Corp. 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 [...]
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 Corp. is pleased to provide an update on its recent operational activities, as well as its previously announced transaction with Etablissements Maurel & Prom S.A. . 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 [...]
NGE has entered into a definitive agreement to sell a 40% operating working interest, retaining a 32% working interest, in Sinu-9 to Maurel & Prom for total cash consideration of US$150,000,000 CALGARY, AB, Feb. 10, 2025 /CNW/ - NG Energy International Corp. 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 [...]
NGE has entered into a letter of intent to sell a 40% operating working interest in Sinu-9 to Maurel & Prom for total cash consideration of US$150,000,000 Maurel & Prom is a globally recognized upstream energy company headquartered in Paris, supported by its controlling shareholder Pertamina, the state oil company of Indonesia, with almost two centuries of operating experience across Africa, Latin America and Europe The [...]
NG Energy International Corp. is pleased to announce that all of the resolutions considered at the Company's annual general and special meeting of shareholders held on January 15, 2025 were approved by the Company's shareholders. At the Meeting, the Company's shareholders approved resolutions: fixing the number of directors comprising the Company's board of directors for the ensuing year at six ; electing Brian [...]
NG Energy International Corp. is pleased to announce that it has filed its financial results for the three and nine months ended September 30, 2024. The Company's consolidated financial statements and management's discussion and analysis for the three and nine months ended September 30, 2024 are available on the Company's website and profile on SEDAR+ . Financial Highlights: Quarterly revenue of US$9.1 million versus [...]
• Sinu-9 production currently 8.3 MMcf/d • Sinu-9 anticipated production November 20.0 - 25.0 MMcf/d • Sinu-9 anticipated production December 25.0 - 29.3 MMcf/d • Sinu-9 anticipated production Year-End ~29.3 MMcf/d • Macquarie Group to Increase Line of Credit to an aggregate US$25.6 million NG Energy International Corp. is pleased to announce that, further to the Company's news release dated [...]
Successful commissioning of the early production phase of the Central Processing Facility Successful commissioning of the pipeline at Sinu-9 to between 1,100-1,400 PSI Ministry of Mines and Energy approval for Total Production Available for Sale of 29.3 MMcf/d Calibration of the Jobo Connection Point has entered its final stage Imminent production and sales from the Brujo-1X well, with continued ramp up through October [...]
NG Energy International Corp. is pleased to announce that further to the Company's press release dated September 3, 2024, it has closed its previously announced "best-efforts" private placement offering of 28,572,000 common shares of the Company at an offering price of C$1.05 per Offered Share for aggregate gross proceeds of C$30,000,600 . The Offering was conducted by Eight Capital and Clarus Securities Inc., as co-lead [...]
NG Energy International Corp. is pleased to announce that further to the Company's press release dated August 26, 2024 regarding the completion and commissioning of the 28.3 km pipeline from the Central Processing Facility to the Jobo delivery point in the Colombian Natural Gas Transportation System, the Company and its working interest partners have received approval from the Agencia Nacional de Hidrocarburos for the [...]
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