NG Energy International Corp.

NG Energy International Corp. is pleased to announce a financing commitment of up to $25,000,000 from a lead group of strategic investors , which will include insider participation from the Company. The non-brokered private placement offering will be for the issuance and sale of up to 25,000 convertible senior secured debenture units at an issuance price of $1,000 per Debenture Unit , for aggregate total gross proceeds of [...]

NG Energy International Corp. , in the development of the Sinu-9 E&P Contract and under the agreements with CleanEnergy Resources , is pleased to announce the successful drilling of the Brujo-1x well at a final total depth of 8,019 feet in the Lower Magdalena Basin, located within the SN-9 Block, encountering 680 feet of net gas bearing zone in the Cienaga de Oro formation and 103 feet in the Porquero formation, for a [...]

NG Energy International Corp. is pleased to announce that the Company has reached an agreement with Plus+ Energy E.S.P. for the purchase and sale of natural gas produced from the Aruchara-1 well and coming wells at the Maria Conchita block. The binding offer is for the acquisition of up to 8,000 million British Thermal Units per day on a firm volume purchase agreement, or the equivalent volume corresponding to NGE's 80 [...]

NG Energy International Corp. and CleanEnergy Resources are pleased to announce the start of drilling at Brujo-1X. Drilling has progressed to a depth of 947 feet and the 13 3/8" well has been cemented at that depth. The well is being drilled to a final depth of 7,300 feet in three phases using a 1,500-horsepower hydraulic rig. Several intervals of interest have been identified through geological and geophysical evidences [...]

NG Energy International Corp. and CleanEnergy Resources S.A.S are pleased to announce that, following the July 20th and August 2nd news releases announcing the successful drilling and testing of the Magico-1X well located in the south-east corner of the SINU-9 Block, the following results from their updated reserves and resources report. Reserves - Magico 1X Conv. Nat. Gas Reserves Well 100% Co. Gross Proved Undeveloped [...]

NG Energy International Corp. is pleased to announce that further to its press release dated July 12, 2022, a total of 38,300 common shares have been purchased under its Normal Course Issuer Bid at a weighted price of $0.98 through the facilities of the TSX Venture Exchange. All Shares purchased under the NCIB are being purchased on the open market, through the facilities of the TSXV in accordance with applicable [...]

NG Energy International Corp. announces that pursuant to the Company's Stock Option Plan, a total of 2,640,893 incentive stock options have been granted to directors, officers, employees, and consultants of the Company. The options are exercisable at a price of $1.14 per share for a period of 10 years, subject to regulatory approval. About NG Energy International Corp. NG Energy International Corp. is a publicly traded [...]

NG Energy International Corp. is pleased to announce that after completing the connection point to the Colombian National Gas Transportation System through TGI located in the Ballena - Barrancabermeja pipeline at La Guajira, northern part of Colombia, specific point: SNT TGI PK 33+130, the Company has initiated delivering gas from the Istanbul Platform where the Aruchara 1 and the Istanbul 1 wells are connected. This [...]

NG Energy International Corp. is pleased to announce that, further to the July 21st news release, the first well of the exploration program in the Sinu-9 block has conducted two successful Drillstem Tests and a comingled test within three prospective zones in the Magico-1x well. The well is in the Sinu-9 block in the department of Cordoba. The Companies report the following results from the two tests: DST-1 Test Duration [...]

NG Energy International Corp. is pleased to announce that further to the June 28, 2022 news release, the Company has encountered significant gas in the Magico-1X well in the lower first structure, measuring 50 feet in the Ciénaga de Oro sandstone. The well is located in the Sinu 9 block in the department of Cordoba. The Company has identified several prospective gas bearing zones through well logs at a depth between 3,200 [...]