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NG ENERGY ANNOUNCES GAS DISCOVERY IN THE MAGICO-1X WELL
NG ENERGY ANNOUNCES GAS DISCOVERY IN THE MAGICO-1X WELL Canada NewsWire ...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n \n \n \n NG ENERGY ANNOUNCES GAS DISCOVERY IN THE MAGICO-1X WELL\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 VANCOUVER, BC\n \n \n ,\n \n \n July 21, 2022\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 further to the\n \n June 28, 2022\n \n news release, the Company has encountered significant gas in the Magico-1X well in the lower first structure, measuring 50 feet in the Ciénaga de\n \n Oro\n \n (CDO) sandstone. The well is located in the Sinu 9 block in the department of Cordoba. The Company has identified several prospective gas bearing zones through well logs at a depth between 3,200 and 3,350 feet for a total gross pay of 150 feet and a net pay of 100 feet. NGE and Cleanenergy Resources SAS started testing the first zone and will continue this week with the second and third zones and once concluded the Company will announce the results of the tests.\n \n \n \n About NG Energy International Corp.\n \n \n \n NG Energy International Corp. is a publicly traded E&P company on a mission to provide a clean and sustainable solution to\n \n Colombia's\n \n energy needs. The Company intends on executing this mission by producing and bringing gas to the premium priced Colombian gas market from its concessions, SN-9, a 311,353 acres block which is adjacent to Canacol's Nelson field, as well\n \n Maria Conchita\n \n , a 32,518-acre block located in the region of La Guajira. NGE's team has extensive technical expertise and a proven track record of building companies and creating value in\n \n South America\n \n . For more information, please visit SEDAR (\n \n \n www.sedar.com\n \n \n ) and the Company's website (\n \n \n www.ngenergyintl.com\n \n \n ).\n \n \n \n \n Cautionary Statement Regarding Forward-Looking Information\n \n \n \n \n \n Except for the statements of historical fact, this news release contains \"forward-looking information\", within the meaning of applicable Canadian securities le...