NG Energy International Corp. is pleased to announce the commissioning of the 28.3 km pipeline from Jobo to the Brujo Central Processing Facility at Sinu-9 by its partners INFRAES and Kronos. The permitting, engineering, procurement and construction to commissioning of this pipeline project has taken place over nine months and is the result of the tireless efforts of our partners at INFRAES and Kronos as well as the [...]
NG Energy International Corp. is pleased to provide a development update for its flagship Sinu-9 gas project in Colombia as well as changes to its board of directors and senior management team. Sinu-9 Phase 1 Infrastructure Development Update Since the Company last provided a development update in its June 27, 2024 news release, the Company, with its field partners Clean Energy Resources S.A.S. and Desarrolladora Oleum [...]
NG Energy International Corp. is pleased to provide the following operational update, in collaboration with it's infrastructure partners, INFRAES S.A.S E.S.P and Surenergy S.A.S E.S.P , on the construction of Phase-1 infrastructure at Sinu-9, as well as provide an update on production optimization at Maria Conchita. Sinu-9 - Infrastructure Construction Substantial progress has been made over the past month by the Company [...]
NG Energy International Corp. is pleased to announce that it has filed its financial results for the three months ended March 31, 2024. The Company's consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2024 are available on the Company's profile on SEDAR+ . Brian Paes-Braga, Co-Chairman and Chief Executive Officer, noted, "Q1 was another record quarter for the [...]
Record annual revenue of US$12.0 million up from US$1.8 million in 2022 Record quarterly revenue of US$4.6 million in Q4 2023 up from US$1.8 million in Q4 2022 The Company achieved a 314% increase in 2P reserves to Company gross 161.6 Bcf up from 39.0 Bcf in 2022 The Company achieved a 551% increase to 3P reserves to Company gross 304.8 Bcf up from 46.9 Bcf in 2022 NG Energy International Corp. is pleased to announce that [...]
NG Energy International Corp. is pleased to announce that further to the Company's press release dated December 4, 2023, the Company has signed additional long-term agreements for natural gas sales from the Maria Conchita Block, expanding on its previous commitments with Vanti S.A E.S.P, Gases del Caribe S.A E.S.P and Gases del Occidente S.A E.S.P, and entering into additional commitments with GEAM Grupo Energético de las [...]
Expected 2024 capital expenditures of US$23 - US$27 million, which includes: Sinu-9 Block - Phase I: Completion of infrastructure projects on schedule for H1, 2024; Drilling of the Hechicero-1X exploration well in the Sinu-9 Block in Q4 from the same drill pad as the Brujo-1X well ; and Production enhancing activities and geophysics study of newly encountered fractured zones at the Maria Conchita Block as part of key [...]
The Company has received an initial advance of US$40 million pursuant to the terms of the Financing resulting in reduced company leverage, a fully funded development plan and additional available committed liquidity for future development. The Company has obtained an LC Facility of up to US$13.6 million from Macquarie Group, which will be used to guarantee work commitments under the Company's contracts with midstream [...]
NG Energy International Corp. is pleased to announce that it has been recognized by the TSX Venture Exchange as a 2023 Top 50 Company. The 2023 TSX Venture 50 celebrates the strongest performance on the TSXV over the last year. Composed of 10 companies from each of five industry sectors, the ranking recognizes the strongest performance on the Exchange based on market capitalization, share price appreciation, and trading [...]
The Company has obtained financing from Macquarie Group of up to US$100 million with an initial advance of US$40 million resulting in reduced company leverage, a fully funded development plan and additional available committed liquidity for future development. NG Energy welcomes a key global financial institution as a strategic stakeholder to provide support for rapid growth. Brian Paes-Braga appointed CEO; former CEO [...]
The Company has obtained financing from Macquarie Group of up to US$100 million with an initial advance of US$40 million resulting in reduced company leverage, a fully funded development plan and additional available committed liquidity for future development. NG Energy welcomes a key global financial institution as a strategic stakeholder to provide support for rapid growth. Brian Paes-Braga appointed CEO; former CEO [...]
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 Jan 15, 2024 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 eight; electing Brian Paes-Braga, Brian [...]
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