NG Energy International Corp. announces its intention to proceed with a normal course issuer bid for up to 6,248,563 common shares in the capital of the Company , representing five percent of the total Shares issued and outstanding. As at July 12, 2022, the Company had 124,971,266 issued and outstanding Common Shares. All Shares purchased under the NCIB are being purchased on the open market, through the facilities of the [...]
NG Energy International Corp. is pleased to announce that drilling at Magico-1 has reached the Ciénaga De Oro sandstone reservoir encountered at 3,000 ft. The Company has identified several prospective gas bearing zones through well logs at a depth between 3,200 and 3,350 ft. for a total gross pay of 150 ft. and a net pay of 100 ft. The prospective zones will be tested during the coming weeks to define where and how the [...]
NG Energy International Corp. is pleased to announce that, further to the Company's news releases dated May 20, 2022 and May 24, 2022, the 8% unsecured convertible debentures and the common share purchase warrants of the Company, issued pursuant to the previously announced best efforts, fully marketed offering, have been approved for listing on the TSX Venture Exchange Inc. under the symbols "GASX.DB" and "GASX.WT.A [...]
NG Energy International Corp. is pleased to announce that drilling has commenced at Magico-1. The well will be drilled to a measured depth of 8,000 feet in three phases using a 1,500 horsepower hydraulic rig , contracted from Independence Energy. At least three intervals of interest have been identified and will be tested, with the Ciénaga de Oro sandstone reservoir being the primary objective. The Company estimates it [...]
Further to the debenture unit closing previously announced on May 20, 2022, NG Energy International Corp. has today closed on an additional 100 convertible debenture units at a price of $1,000 per Debenture Unit for total aggregate gross proceeds of $100,000, pursuant to the Company's amended and restated final short-form prospectus dated May 11, 2022. Each Debenture Unit consists of: one 8% convertible unsecured [...]
NG Energy International Corp. is pleased to announce that it has closed its previously announced best efforts, fully marketed prospectus offering of convertible debenture units of the Company at a price of $1,000 per Debenture Unit for total aggregate gross proceeds of $17,047,000. The Offering was conducted by Canaccord Genuity Corp. and Beacon Securities Limited , as co-lead agents and joint bookrunners, and Stifel [...]
NG Energy International Corp. is pleased to announce that the Company has received an initial advance payment for the first 15 days of production from the María Conchita block. Energy Transitions S.A.S E.S.P. and Plus + SAS ESP's prepayment for the acquisition of 3.5 million standard cubic feet per day of gas at a price of US$5.08 / million British thermal unit , totals US$277,368.00, for 80% of the gas production volume [...]
NG Energy International Corp. is pleased to announce that it has today filed with the BC Securities Commission an amended and restated final short form prospectus to amend and restate the Company's final short form prospectus, which was receipted by the BCSC on April 28, 2022. The Amended and Restated Final Prospectus was filed in connection with the proposed issuance and sale of up to 20,000 convertible debenture units [...]
NG Energy International Corp. is pleased to provide an update on the anticipated commencement of Maria Conchita production and the spudding of the SINU-9 Magico well. Key Highlights: Production of gas from the Maria Conchita block is expected to commence this month Prepayment agreement reached for up to four months of estimated production at Maria Conchita Spudding of the SINU-9 Magico-1 well expected by the week of May [...]
NG Energy International Corp. is pleased to announce that it has obtained a receipt from the British Columbia Securities Commission for its final short form prospectus in connection with the proposed issuance and sale of up to 20,000 convertible debenture units at a price of $1,000 per Debenture Unit on a best-efforts, fully marketed basis, for aggregate total gross proceeds of up to $20,000,000 . The Offering is being [...]
NG Energy International Corp. is pleased to announce that it has obtained a receipt from the BC Securities Commission for its preliminary short form prospectus in connection with a proposed issuance and sale of up to 45,000 convertible debenture units at a price of $1,000 per Debenture Unit on a best-efforts, fully marketed basis, for aggregate total gross proceeds of up to $45,000,000 . The terms of the Offering were [...]
NG Energy International Corp. is pleased to announce the release of its Form 51-101 F1 - Statement of Reserves Data and Other Oil and Gas Information for the Company in respect of the year ended Dec 31, 2021. These documents, among others, will be posted on the Company's website and SEDAR. A summary of the key parameters and conclusions of the F1 Report is presented below. 2021 Reserves For the year ended December 31 [...]
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