NG Energy International Corp.

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 [...]

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 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 Paes-Braga [...]

NG Energy International is pleased to announce that it has filed its financial results for the three and nine months ended Sept 30, 2024. The Company's consolidated financial statements and management's discussion and analysis for the three and nine months ended Sept 30, 2024 are available on the Company's website and profile on SEDAR+. Quarterly revenue of US$9.1 million versus US$2.5 million in Q3 2023, a 270% increase [...]

NG Energy International is pleased to announce that, further to the Company's news release dated Oct 11, 2024, the resolution granted by the Colombian Ministry of Mines and Energy has successfully been registered in the Market System for Total Production Available for Sale of 29.3 MMcf/d at Sinu-9 and Promigashas successfully calibrated the Jobo connection point. After completing the Brujo-1X well with three different [...]

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 [...]