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NG ENERGY ANNOUNCES DEFINITIVE AGREEMENT FOR THE SALE OF A 40% WORKING INTEREST IN SINU-9 FOR US$150 MILLION
NG ENERGY ANNOUNCES DEFINITIVE AGREEMENT FOR THE SALE OF A 40% WORKING INTEREST IN SINU-9 FOR US$...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n\n\n\n NG ENERGY ANNOUNCES DEFINITIVE AGREEMENT FOR THE SALE OF A 40% WORKING INTEREST IN SINU-9 FOR US$150 MILLION\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.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen4{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n NGE has entered into a definitive agreement to sell a 40% operating working interest, retaining a 32% working interest, in Sinu-9 to Maurel & Prom for total cash consideration of\n \n US$150,000,000\n \n\n\n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Feb. 10, 2025\n \n\n\n /CNW/ -\n \n\n\n NG Energy International Corp.\n \n\n\n (\"\n \n NGE\n \n \" or the \"\n \n Company\n \n \") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that further to its news release dated\n \n January 20, 2025\n \n , it has entered into a definitive asset purchase agreement (the \"\n \n APA\n \n \") with Etablissements Maurel & Prom S.A. (\"\n \n Maurel & Prom\n \n \" or \"\n \n M&P\n \n \") for the sale of a 40% operating working interest in the Sinu-9 Block (\"\n \n Sinu-9\n \n \") for total cash consideration of\n \n US$150 million\n \n (the \"\n \n Transaction\n \n \"). The transfer of the 40% operating working interest in Sinu-9 to M&P is effective as of\n \n February 1, 2025\n \n .\n \n\n\n\n\n\n\n\n\n\n\n\n Sinu-9\n \n\n\n\n\n Sinu-9 covers an area of approximately 311,353 acres in the Department of Cordoba,\n \n Colombia\n \n , and is fully permitted with environmental approval granted by the National Authority of Environmental...