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NG ENERGY ANNOUNCES COMPLETION OF DRILLING AT MARIA CONCHITA
NG ENERGY ANNOUNCES COMPLETION OF DRILLING AT MARIA CONCHITA Canada NewsWire ...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n \n \n \n NG ENERGY ANNOUNCES COMPLETION OF DRILLING AT MARIA CONCHITA\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n \n NG Energy encounters 570 feet of net gas in the second phase of the drilling and an additional 150 feet of net gas pay in the third phase of drilling\n \n \n \n \n Drilling reached a Total Depth (TD) of 9,050 feet\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Aug. 28, 2023\n \n \n /CNW/ -\n \n NG Energy International Corp.\n \n (\"\n \n NGE\n \n \" or the \"\n \n Company\n \n \") (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 pay in the H4-H3 sections of the Jimol formation. This new zone was identified between 6,000 feet and 7,500 after experiencing gas showings (C1-C5+) throughout the 1,500 feet. NGE, with the support of its technical team using leading drilling and logging technology, confirmed this zone as a possible new finding after successfully logging the well.\n \n \n While drilling and logging Phase III of the well, which reached the total depth of 9,050 feet, the Company identified 150 feet of net gas pay in the zone. The Company will commence the testing of all potentially productive zones including the newly identified zone in Phase II with drill stem tests (\"\n \n DSTs\"\n \n ) in order to assess the best way to complete the well.\n \n \n \n Serafino Iacono\n \n , Chief Executive Officer of NGE, commented: \"The potential magnitude of this possible finding could redefine our expectations of the full block potential at Maria Conchita. Our drilling and technical team have done a remarkable job drilling under extremely hot conditions and working around the clock given these gas encounters. The Company looks forward to providing further updates on DST testing in the coming two weeks.\"\n \n \n \n About NG Energy International Co...