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NG ENERGY ANNOUNCES THE SALE OF A 40% WORKING INTEREST IN SINU-9 FOR US$150 MILLION
NG ENERGY ANNOUNCES THE SALE OF A 40% WORKING INTEREST IN SINU-9 FOR US$150 MILLION Can...
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[{"type":"text","content":"\n\n\n\n NG ENERGY ANNOUNCES 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.prngen2{\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.prngen4{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen5{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt\n}\n.prngen3{\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.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n NGE has entered into a letter of intent to sell a 40% operating working interest in Sinu-9 to Maurel & Prom for total cash consideration of\n \n US$150,000,000\n \n\n (~C$215,000,000)\n \n\n\n\n\n Maurel & Prom is a globally recognized upstream energy company headquartered in\n \n Paris\n \n , supported by its controlling shareholder Pertamina, the state oil company of\n \n Indonesia\n \n , with almost two centuries of operating experience across\n \n Africa\n \n ,\n \n Latin America\n \n and\n \n Europe\n \n\n\n\n\n The Transaction significantly de-risks the development of Sinu-9, one of\n \n Colombia's\n \n largest onshore natural gas fields, by securing a strong, well-capitalized operating partner\n \n\n with a proven track record in technical and operational excellence. This partnership accelerates the delivery of natural gas, a key resource in\n \n Colombia's\n \n energy transition strategy, while ensuring the country's energy needs are met reliably over the long term\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Jan. 20, 2025\n \n\n /CNW/ -\n \n NG Energy International Corp.\n \n (\"...