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 [...]
Zones H2, H3 and H4 still to be tested NG Energy International Corp. is pleased to provide Drill Stem Test results over a 21-hour period confirming the presence of natural gas at Aruchara-3. DST-1 DST-1 was conducted in the Jimol Inferior Formation between 8379 and 8470 feet MD. After creating the required draw-down of 700 psi for the estimated initial reservoir pressure of 3550 psi by using water and nitrogen, the well [...]
NG Energy encounters 570 feet of net gas in the second phase of the drilling and an additional 150 feet of net gas pay in the third phase of drilling Drilling reached a Total Depth of 9,050 feet NG Energy International Corp. is pleased to announce that all three phases of drilling at Aruchara-3 have been completed on time and under budget to a total depth of 9,050 feet. While drilling Phase II of the well, the Company [...]
NG Energy International Corp. announces today that it has filed on SEDAR+ its interim condensed consolidated financial statements for the three and six months ended June 30, 2023 and related management discussion and analysis for the three and six months ended June 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 sustainable [...]
Option to acquire 25% working interest in the VMM39 block with upcoming drilling in an established oil basin. Submission being prepared to drill and test SINU-9 oil prospect. NG Energy International Corp. wishes to provide an update on the Company's oil prospects and provide further details on its previously announced option to acquire a 25% working interest in the VMM39 Block . The Option is exercisable by the Company [...]
NG Energy International Corp. is pleased to announce the start of drilling at Aruchara-3. The well is being drilled from the same pad as Aruchara-1 with a 22° deviation, targeting the Jimol formation to develop the H1A and H1B accumulations and define the potential extension of more reserves and resources in the H2B section by testing this prospect. The well will be drilled to a total depth of 8,950 feet in three phases [...]
NG Energy International Corp. is pleased to announce that further to the Company's press releases dated July 6, 2023 and July 10, 2023, it has closed its non-brokered private placement offering of senior secured convertible debenture units of the Company at a price of $1,000 per Debenture Unit for total aggregate gross proceeds of $35,000,000. Each Debenture Unit consists of: one 10.0% convertible senior secured debenture [...]
NG Energy International Corp. announces securities position updates. Early Warning Disclosure The Company has been advised that following an acquisition of 3,000,000 common shares in the capital of NGE through the facilities of the TSX Venture Exchange, Mr. Brian Paes-Braga has beneficial ownership, direction or control of 10,054,220 Common Shares, representing 8.04% of the issued and outstanding Common Shares and would [...]
July 10, 2023 /CNW/ - NG Energy International Corp. is pleased to announce that it has increased the size of its previously announced financing to up to $35,000,000. The non-brokered private placement offering will be for the issuance and sale of up to 35,000 convertible senior secured debenture units at an issuance price of $1,000 per Debenture Unit, for aggregate total gross proceeds of up to $35,000,000 . Completion of [...]
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