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NG Energy International Corp. reports company developments tied to its Colombian natural gas assets, including reserve and resource evaluations for Sinu-9 and Maria Conchita, drilling activity, operating and financial results, and governance or capital-structure matters.
Recurring announcements also reference the company's working interests held through MKMS Colombia, the role of Maurel & Prom as operator at Sinu-9, annual audited consolidated financial statements, compensation plan grants, and exchange-related corporate actions.
NG Energy (OTCQX: GASXF / TSX-V: GASX) reported a significant gas discovery on the Sinu-9 Block at the Hechicero-1X well, including a Pre-CDO–San Cayetano net pay of 103 ft and an initial test rate of 26.4 MMcf/d on a 43/128 choke. Additional net pay of 288 ft (CDO) and 149 ft (Porquero) were logged. Current transport capacity is 30 MMcf/d, rising to 40 MMcf/d after an initial 18 km pipeline loop by end-May 2026, with potential to reach 90 MMcf/d pending agreements. The company received US$42.5M cash in April and expects another US$42.5M in July; TSX listing begins April 30, 2026.
NG Energy (OTCQX: GASXF) filed audited 2025 annual financial statements and related reserves reports on March 30, 2026.
Key highlights: FY 2025 sales US$44.6M, record Q4 production ~20,934 Mcf/d, Sinú-9 sale to Maurel & Prom for US$150M (US$87.5M received), Macquarie debt down to US$23.0M, and a 2026 seven-well drilling program underway. The Company applied to uplist to the TSX.
NG Energy (OTCQX: GASXF) reported significant 2025 year-end reserve and resource uplifts and started drilling at Sinu-9. Key metrics: 1P BT NPV10 +67%, 2P +50%, 3P +42%; contingent and prospective resources rose 73% and 50% respectively.
Maurel & Prom began drilling the Hechicero-1X well; Maria Conchita production is stable at 12.0 MMcf/d with Aruchara-5 expected to spud by end of March 2026. Sinu-9 working interest reduced to 39% after transactions yielding US$150 million in cash consideration.