NG Energy International Corp. is pleased to announce that it has signed long-term take-or-pay contracts with Vanti S.A E.S.P , Gases del Caribe S.A E.S.P and Gases del Occidente S.A E.S.P commencing December 1, 2023, for a duration of three years; the Company has also commenced realizing sales of natural gas at prices ranging from $7.70 per Mcf to $8.20 per Mcf from Maria Conchita. The Company expects to sign two [...]
Phase 1 commenced: On schedule to deliver 30 MMcf/d from Sinu-9 in H1, 2024 Additional 10MMcf/d to come online at Company's election, expected in H2, 2024 Critical infrastructure agreements finalized, unlocking one of Colombia's most important onshore gas fields NG Energy International Corp. is pleased to announce that, further to the Company's press release on September 28, 2023, it has signed definitive agreements with [...]
TORONTO, Nov. 22, 2023 /CNW/ - NG Energy International Corp. is pleased to announce that the Aruchara-3 well, located in the Company's Maria Conchita block, has been granted approval from the ANH for extended production testing and is currently producing, in conjunction with Aruchara-1, at an initial baseline of 14MMcf/d from the Jimol Inferior zone. The Aruchara-3 well has significant tubing head pressure of 2,500 psi [...]
NG Energy International Corp. announces today that it has filed on SEDAR+ its interim condensed consolidated financial statements for the three and nine months ended September 30, 2023 and related management discussion and analysis for the three and nine months ended September 30, 2023. About NG Energy International Corp. NG Energy International Corp. is a publicly traded E&P company on a mission to provide a clean and [...]
In the news release, issued 24-Oct-2023 by NG Energy International Corp. over CNW, we are advised by the company that the pricing units in the third paragraph should be "per million British thermal units " instead of "per million cubic feet " as originally issued inadvertently. The complete, corrected release follows: • Aruchara-3 in process of being tied into existing production facilities • Contracts being [...]
• Aruchara-3 in process of being tied into existing production facilities • Contracts being negotiated for 3-5 years and approximately 40% increase from previous pricing NG Energy International Corp. is pleased to provide an update on production and natural gas sales. Year-to-date, gross natural gas production has averaged 6.85 million standard cubic feet per day from the Aruchara-1 well, increasing from an [...]
NG Energy International Corp. today announced that the Company's Board of Directors has approved the grant of 3,300,000 incentive stock options to certain directors, officers, employees and consultants of the Company. The stock options are exercisable into common shares of the Company at a price of $1.18 per common share. Subject to the rules of the TSX Venture Exchange and the Company's Incentive Stock Option Plan, the [...]
Initial production of 40 MMscf/d from Sinu-9 in Q3 2024, with 30 MMscf/d coming online in Q1 2024; Gross Company production to reach 60 MMscf/d by Q3 2024; No additional wells required to support these production volumes; and Midstream partnership approach maintains capital light strategy NG Energy International Corp. is pleased to announce that the Company, together with its partners CleanEnergy Resources S.A.S. and [...]
NG Energy International Corp. announces that it has changed its auditors from KPMG LLP to PricewaterhouseCoopers LLP effective September 18, 2023. Effective August 16, 2023, the Former Auditor resigned as the auditor of the Company on its own initiative, and effective September 18, 2023, the board of directors of the Company appointed the Successor Auditor as the Company's auditor, to hold office until the next annual [...]
Zones H1 + H2 + H4 combined test up to 65.2 MMscf/d Completion of Aruchara-3 and redefining the scope and potential of Maria Conchita underway Between SN-9 and Maria Conchita, a total of over 130MMscf/d now tested NG Energy International Corp. is pleased to announce the completion of the third Drill Stem Test at the Aruchara-3 well in the recently identified H4 Zone of the Jimol Medium Formation. DST-3 was conducted over [...]
Zones H1 + H2 combined test up to 40.2 MMscf/d Between SN-9 and Maria Conchita, over 105mmscf/d now tested NG Energy International Corp. is pleased to announce the completion of the second Drill Stem Test at the Aruchara-3 well in the H2 Zone of the Jimol Inferior Formation. DST-2 was conducted over a 46-hour period including a 17.5-hour flowing period, testing up to 23.5 MMscf/d at a 1.5" choke with 5.3 barrels of 43.5 [...]
3 zones still to be tested with results to follow NG Energy International Corp. announces that, further to the Company's press release of September 5, 2023, it has completed DST-1 at Maria Conchita over a 22.5-hour period. The final test was conducted at a 1.25" choke, testing 16 MMscf/d with 5 barrels of 43.7 API condensate recovered during the test. It was determined to not test the well at 2.0" after sufficient [...]
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