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NG ENERGY ANNOUNCES THE COMPLETION OF THE ARUCHARA-4 ST-1 WELL AND MAJOR INFRASTRUCTURE ACHIEVEMENTS AT MARIA CONCHITA AND SINÚ-9
NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce the below operational achievements at its Maria Conchita and Sinú-9 natural gas projects in Colombia, including the completion of the drilling of the Aruchara-4 ST-1 well at Maria Conchita and major infrastructure achievements at Maria Conchita and Sinú-9 . These achievements mark significant progress in scaling production capacity, optimizing current assets and positioning the Company for s
About this update from Ng Energy International Corp
[{"type":"list","items":[{"val":[{"type":"text","content":"The Aruchara-4 ST-1 well was successfully tied into the Central Processing Facility ("CPF") at Maria Conchita and is now producing up to 15.9 MMcf/d with significant wellhead pressure of 1,434 psi. ","length":207,"tagName":"p"}]},{"val":[{"type":"text","content":"With a minor modification to the compressor lines in the CPF, production could increase from 15.9 MMcf/d up to 19.8 MMcf/d while maintaining wellhead pressure above 650 psi. ","length":178,"tagName":"p"}]},{"val":[{"type":"text","content":"The new gas volumes are expected to be sold at prices >US$11.00 per MMBtu with payback of the Aruchara-4 ST-1 well expected within 3 months.","length":148,"tagName":"p"}]},{"val":[{"type":"text","content":"Based on the results from the completion of the Aruchara-4 ST-1 well, the Company anticipates it will be cash flow positive in Q4 2025. ","length":135,"tagName":"p"}]},{"val":[{"type":"text","content":"The drilling rig is being moved to the Aruchara-3 well for recompletion, which the Company anticipates will return the Aruchara-3 well to its full production capability by the end of November 2025. ","length":202,"tagName":"p"}]},{"val":[{"type":"text","content":"Dew point handling equipment has been successfully installed at the main Central Processing Facility ("CPF-1") at Sinú-9 with 60 MMcf/d of processing capacity between the 2 plants now in place and room for further expansion. ","length":234,"tagName":"p"}]},{"val":[{"type":"text","content":"Steady state production at Sinú-9 has increased to 24.0 MMcf/d, which is being processed through the main CPF-1. ","length":117,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company and its joint venture partners target spudding the Hechicero-1X well at Sinú-9 at the end of November 2025. ","length":124,"tagName":"p"}]},{"val":[{"type":"text","content":"The initial pipeline loop, which will increase transportation capacity to 40 – 45 MMcf/d at Sinú-9 , is expected to be completed by the end of the year. ","length":157,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company has achieved gross production of 40 MMcf/d representing approximately 4.0% of Colombia's domestic gas market. This achievement marks a significant production milestone for the Company.","length":205,"tagName"...