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 [...]
NG Energy International Corp. is pleased to announce the results of the report entitled "Evaluation of the Interests of NG Energy International Corp. in the Prospective Resources within the Sinú 9 Block in the Sinú San Jancinto Basin of Colombia" prepared by Petrotech Engineering Ltd. The Sinú 9 Oil Resources Report has an effective date of February 28, 2022, and a summary of the key parameters and conclusions of the [...]
NG Energy International Corp. is pleased to announce that the National Authority of Environmental Licenses has granted the amended environmental license for Maria Conchita to include the Aruchara-1 well. This is a transformational milestone for the Company as it permits production from the Aruchara-1 well and allows NGE to lay the remaining 40 meters of flow line connecting the well to the gas plant. It also enables the [...]
NG Energy International is pleased to announce that it has been recognized in the 2022 TSX Venture 50® as one of the energy sector's top performing company. TSX Venture 50® is an annual ranking of the top performers of the past year on TSX Venture Exchange, the world-leading capital formation platform for early-stage growth Companies. Each year, 10 companies are selected from five key sectors, based on their performance [...]
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