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NG Energy International Corp.
GASXFEnergyOTCCA
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Aruchara-5 successfully drilled to a total depth of 9,097 feet, hitting the H1 target as designed and passing through the H2, H3, H4, H5 and H6 zones, with all zones showing positive results of gas at the surface and through wireline logs Aruchara-5 has been completed and connected to the central processing facility and an evaluation of well performance is underway through the CPF with new gas volumes being sold into the Colombian marketplace Initial production from the H1 target has come up to 11.0 MMcf/d gross (8.8 MMcf/d net) with a THP of 1600 psi with a choke of 32/64 Total field production at Maria Conchita has increased to 18 MMcf/d gross (14.4 MMcf/d net) following the addition of Aruchara-5, bringing combined Company net production across both Maria Conchita and Sinu-9 to approximately 23.2 MMcf/d The work program at Maria Conchita through year-end includes a well intervention at Aruchara-3, a workover at Aruchara-1, and planning of the Aruchara-6 development well CALGARY, AB, May 28, 2026 /PRNewswire/ - NG Energy International Corp. ("NGE" or the "Company") (TSX: GASX) (OTCQX: GASXF) is pleased to announce the results from the drilling of the Aruchara-5 well at the Maria Conchita Block (80% working interest) and subsequent work program at Maria Conchita for the remainder of 2026. Aruchara-5 Well Drilling Results The Aruchara-5 well has been successfully drilled to a total depth of 9,097 feet, hitting the H1 target as designed and passing through the H2, H3, H4, H5 and H6 zones, with all zones showing positive results of gas at the surface and through wireline logs.
Q1 production and financial highlights: Q1 2026 natural gas and NGL sales of US$9.5 million, a 48% increase year-over-year at a blended realized natural gas price of US$8.50/Mcf and average daily net production of 12,413 Mcf/d, comprising 8,227 Mcf/d net from Maria Conchita and 4,186 Mcf/d net from Sinú-9. Pricing dynamics Colombia: Incremental production expected to achieve pricing of ~US$11.50/Mcf at Maria Conchita and ~US$13.00/Mcf at Sinu-9 on volumes above contracted thresholds which are 15 MMcf/d and 25 MMcf/d respectively, resulting in substantial upside for the Company as production growth increases through fiscal 2026.
Pre-CDO–San Cayetano interval discovered during drilling of the Hechicero-1X well with a net pay of 103 ft. Initial well tests from this interval delivered a production rate of 26.4 MMcf/d on a 43/128 choke with 1,800 psi well-head pressure.
FY 2025 natural gas and NGL sales of a company record US$44.6 million Dual-field production achieved with the Sinú-9 Block commencing commercial production in late March 2025 Record Q4 2025 combined gross average daily production of ~20,934 Mcf/d Sinú-9 per-unit operating costs declining sharply quarter-over-quarter Transaction with M&P closed subsequent to year-end for US$150 million in cash 2026 seven-well drilling program is underway with the drilling of the Hechicero-1X well progressing as expected; the well has successfully drilled through the Ciénaga de Oro formation, confirming natural gas potential in line with pre-drill expectations; results are now pending evaluation Aruchara-5 well at Maria Conchita is anticipated to be spudded in the coming week CAD$6.3 million of option and warrant exercises received subsequent to year-end Macquarie debt principal reduced by 34% during FY 2025 to US$23.0 million Uplisting application submitted to the Toronto Stock Exchange subsequent to year-end CALGARY, AB, March 30, 2026 /PRNewswire/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that it has filed on SEDAR+ its annual audited consolidated financial statements, annual management's discussion and analysis and its certification of annual filings for the fiscal year ended December 31, 2025. The Company has also filed on SEDAR+ its Annual Information Form, dated March 27, 2026, 51-101F1 – Statement of Reserves Data and Other Oil and Gas Information, Sproule International Limited's 51-101F2 – Report on Reserves Data, Contingent Resources Data and Prospective Resources Data by Independent Qualified Reserves Evaluator or Auditor and the Company's 51-101F3 – Report of Management and Directors on Oil and Gas Disclosure for the fiscal year ended December 31, 2025.
