NG Energy Provides Operational Update

About this update from Ng Energy International Corp

[{"type":"text","content":"\n \n \n \n NG Energy Provides Operational Update\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 VANCOUVER, BC\n \n ,\n \n June 11, 2021\n \n /CNW/ - NG Energy International Corp. (the \"\n \n Company\n \n \" or \"\n \n NGE\n \n \") (TSXV: GASX) (OTCQX: GASXF) provides the following updates on its Colombian operations:\n \n \n \n Sinú-9 Update\n \n \n \n The Company is very encouraged by the discovery of more than 400 feet of prospective gas zone in the Ciénaga de Oro Formation by Canacol Energy in the Aguas Vivas-1 well (as reported in Canacol's news release dated\n \n June 3\n \n , 2021).  The Agua Vivas-1 well is located in the VIM 21 Block of the Lower Magdalena Valley Basin and is approximately 10 km from the Hechizo prospect in the Sinú 9 Block of the Sinú San Jacinto Basin.\n \n \n In relation to the Sinú-9 permitting process, the Environmental Impact Study for the exploratory drilling area was delivered to the National Environmental Licensing Authority (ANLA) in\n \n December 2020\n \n with the follow up requirements being attended to in\n \n May 2021\n \n . It is estimated that the governmental authority will issue the administrative environmental licensing act during July.\n \n \n Progress is being made according to the schedule in the environmental and drilling areas that allows the start of civil works for road access and construction of location to start drilling the Magico-1X well in Q3 2021. Magico-1X is the first of four wells to be drilled at Sinú-9, including one well in the Hechizo prospect, activities to be carried out in accordance with the drilling and financing agreement with CPVEN. The primary objective of the exploration is the Ciénaga de Oro Formation similar to the Aguas Vivas-1 well.\n \n \n \n \n Istanbul\n \n -1 Re-Entry Update\n \n \n \n As previously disclosed in the Company's news releases of\n \n February 11\n \n and\n \n May 14, 2021\n \n , the Company decided to re-enter the\n \n Istanbul\n \n -1 well based on geological, geop...

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