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NG ENERGY ANNOUNCES YEAR-END RESERVES AND RESOURCES AND COMMENCEMENT OF DRILLING OF HECHICERO-1X AT SINU-9
NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce the Company's 2025 year-end reserves and resources for both Sinu-9 and Maria Conchita as evaluated by the Company's independent qualified reserves evaluator Sproule International Limited ("Sproule ERCE").
About this update from Ng Energy International Corp
[{"type":"list","items":[{"val":[{"type":"text","content":"Company gross 1P reserves BT NPV10 increased 67% over the previous year","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Company gross 2P reserves BT NPV10 increased 50% over the previous year ","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Company gross 3P reserves BT NPV10 increased 42% over the previous year ","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Company gross unrisked best estimate contingent resources BT NPV10 increased 73% over the previous year","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"Company gross unrisked best estimate prospective resources BT NPV10 increased 50% over the previous year","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"Seven new wells planned for 2026 expected to meaningfully increase reserve and resource volumes ","length":95,"tagName":"p"}]},{"val":[{"type":"text","content":"M&P has commenced operations for drilling at the Hechicero-1X well at Sinu-9 ","length":80,"tagName":"p"}]},{"val":[{"type":"text","content":"The Aruchara-5 well at Maria Conchita expected to be spudded in March 2026","length":74,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":669,"olType":false},{"type":"text","content":"CALGARY, AB, Feb. 23, 2026 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce the Company's 2025 year-end reserves and resources for both Sinu-9 and Maria Conchita as evaluated by the Company's independent qualified reserves evaluator Sproule International Limited ("Sproule ERCE").","length":383,"tagName":"p"},{"type":"text","content":"Reserve and Resource Highlights","length":31,"tagName":"p"},{"type":"text","content":"Total Reserves and Resources – Colombia:","length":40,"tagName":"p"},{"type":"text","content":"The table below summarizes the Company's aggregated 2025 year-end reserves and resources based on the current working interests held by the Company through MKMS Enerji Sucursal Colombia ("MKMS Colombia"), the Colombian branch of the Company's indirect wholly owned subsidiary, MKMS Enerji Anonim Sirketi S.A. ("MKMS"), in the Sinu-9 Block and Maria Conchita Block, being a 39% non-operating working interest in the Sinu-9 Block and 80% wo...