TORONTO, Sept. 20, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) is pleased to announce the completion of the third Drill Stem Test (DST-3) at the Aruchara-3 well in the recently identified H4 Zone of the Jimol Medium Formation. DST-3 was conducted over a 42-hour period including 28-hour after flowing period, testing up to 25 … Continue Reading

TORONTO, Sept. 18, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) is pleased to announce the completion of the second Drill Stem Test (DST-2) 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 API condensate recovered during the test.

The complete results for … Continue Reading

TORONTO, Sept. 7, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) 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 information was gathered from the test.

The complete results for DST-1 are … Continue Reading

TORONTO, Sept. 5, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) is pleased to provide Drill Stem Test (DST) results over a 21-hour period confirming the presence of natural gas at Aruchara-3.

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 was tested as follows:

Duration

Choke Size

Avg. Gas Flow
Rate

Water … Continue Reading

TORONTO, Aug. 28, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) 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 encountered 570 feet of net gas … Continue Reading

VANCOUVER, BC, Aug. 16, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) 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.

NG Energy International Corp. is a publicly traded E&P company on a mission to provide a clean and sustainable solution to Colombia’s energy needs. The Company intends on executing this mission by producing and … Continue Reading

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, Aug. 9, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) 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 (WI) in the VMM39 Block (the “Option“). The Option is … Continue Reading

VANCOUVER, BC, Aug. 3, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) 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 and, if successful, completed and tied into the existing production facilities … Continue Reading

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, Aug. 1, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) 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 (the “Offering“) of senior secured convertible debenture units (the “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: … Continue Reading

VANCOUVER, BC, July 10, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) 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 (each a “Common Share“) 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 have beneficial ownership, direction or control of 12,945,720 Common Shares, representing 10.11% of the issued and outstanding Common Shares, … Continue Reading

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, July 10, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) 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 (the “Debenture Units“) at an issuance price of $1,000 per Debenture Unit, for aggregate total gross proceeds of up to $35,000,000 (the … Continue Reading

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, July 6, 2023 /CNW/ – NG Energy International Corp. (“NGE” or the “Company“) (TSXV: GASX) (OTCQX: GASXF) announces today that Mr. Ronald Pantin will be transitioning from his … Continue Reading