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NG Energy Provides Update on Istanbul-1 and GTX Facilities at Maria Conchita
NG Energy Provides Update on Istanbul-1 and GTX Facilities at Maria Conchita Ca...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n \n \n \n NG Energy Provides Update on Istanbul-1 and GTX Facilities at Maria Conchita\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 Oct. 29, 2021\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 it has engaged all relevant parties to commence the re-entry of\n \n Istanbul\n \n -1 and deploy de-watering capillary technology to deal with water that exists downhole from when the well was first drilled. The Company and its contractors are in the final stages of defining procedures for the ten day program, including all required approvals, and anticipate completion before the end of November.\n \n \n The objectives of the program are as follows:\n \n \n \n Determine the effectiveness of the technology\n \n \n Lighten and move the column of liquid in the tubing\n \n \n Achieve a surface gas volumetric response (production point test)\n \n \n Estimate the real capacity and potential of the gas production from the well without the liquid load\n \n \n \n The NGE management team is confident that once the capillary system is deployed and the well is completed,\n \n Istanbul\n \n -1 should produce between 3-5 MMSCFPD. This is in addition to the 16 MMSCFPD anticipated to be produced from Aruchara-1.\n \n \n The Company is advancing conversations to begin selling the gas produced from\n \n Istanbul\n \n -1, which would be transported via truck, following assembly of all GTX production facilities ahead of the pipeline being completed and after receiving the necessary permissions to do so. The remaining facilities are scheduled to arrive at the production site within the next 3 weeks, after which all facilities will be assembled by the end of November.\n \n \n The Company is also pleased to announce that an agreement has been signed with Transportadora de Gas Internacional (\"\n \n TGI\n \n \") for the tie in of the Maria Conchita pipeline, enabling the Company to transport the gas produced from Aruc...