Funding led by incoming Chair and associates to take NGE to cash flow positive After 6 years and approximately US$100 million spent on the acquisition and development of Maria Conchita, Sinu-9 and Tiburon, NGE enters "high growth phase" of its journey to become a reliable energy transition fuel source for Colombia. NG Energy International Corp. announces today that Mr. Ronald Pantin will be transitioning from his role as [...]
NG Energy International Corp. announces today that it has filed on SEDAR its annual audited financial statements for the year ended December 31, 2022, the annual management's discussion and analysis for the year ended December 31, 2022, and its certification of annual filings for the year ended December 31, 2022 . The Company has also filed on SEDAR its Annual Information Form, dated June 30, 2023, for the year ended [...]
NG Energy International Corp. advises that it is delayed in filing its audited annual financial statements, corresponding management's discussion and analysis, and certification of annual filings for the year end December 31, 2022. As a result of the Company's delayed filing of its financial documents, the Company has received a cease trade order from the British Colombia Securities Commission. The Company anticipates [...]
NG Energy International Corp. is pleased to provide an update on negotiations and agreements with Kronos Energy S.A E.S.P. and Promigas S.A. E.S.P. , which it has been advancing together with its partners CleanEnergy and Desarrolladora Oleum, to build transportation and processing capacity totaling 90 million standard cubic feet per day connecting the Company's Sinu-9 field to national infrastructure. Kronos Agreement The [...]
NG Energy International Corp. is pleased to announce the results of its independent evaluation of natural gas and condensate reserves and resources in respect of the year ended December 31, 2022 conducted by Sproule International Limited . These results highlight a very successful 2022 for the Company following the completion of the production facilities and start of commercial production at the Maria Conchita Block and [...]
NG Energy International Corp. announces that the board of directors has approved the grant of an aggregate of 5,725,000 restricted share units to officers, directors, employees and consultants of the Company which will vest equally over three years with first vesting occurring after one year. Each vested RSU entitles the holder to receive one common share of the Company. The grant of RSU is subject to the Company's [...]
NG Energy International Corp. is pleased to provide a 2022 'Year in Review' and its operational road map for the year ahead. 2022 was a transformational year for the Company's operations in Colombia as Maria Conchita was put into production and the Company drilled, tested and completed two successful exploration wells at its flagship block, SINU-9. In 2023, the Company will be focused on securing an infrastructure partner [...]
NG Energy International Corp. is pleased to announce that the Company has entered into a strategic alliance with COX Energy America S.A.B. de C.V. , a regional Latin American developer, operator and producer of renewable energy with more than 2,400 MWp of solar energy projects in its portfolio. With this new partnership, NGE and COX ENERGY will explore opportunities to develop, build and own solar power plants in [...]
NG Energy International Corp. is pleased to announce that further to the Company's press release dated October 21, 2022, 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 with a [...]
NG Energy International Corp. , further to the Company's press release on November 15, 2022 in which it announced positive test results at the Brujo-1x well, the Company, in development of the SN-9 E&P Contract and under the agreements with CleanEnergy Resources , is pleased to announce completion of testing of the Brujo-1X well. The Companies conducted 4 Drill Stem Tests , with 3 successful DSTs in the intermediate and [...]
NG Energy International Corp. announces that it has decided not to proceed with the non-brokered equity private placement announced on November 14, 2022 and that it is increasing the size of its previously announced convertible debenture unit offering to $35 million. The convertible debenture offering remains scheduled to close on or about November 30, 2022, subject to approval of the TSX Venture Exchange and compliance [...]
NG Energy International Corp. , further to the Company's press release of October 20, 2022 in which it announced the successful drilling of the Brujo-1x well, the Company, in development of the Sinú 9 E&P Contract and under the agreements with CleanEnergy Resources , is pleased to announce that it is continuing to test the Brujo-1x well and the preliminary test results have been positive. Testing and the interpretation of [...]
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