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NG Energy Provides Update on the Development of SINU-9
NG Energy Provides Update on the Development of SINU-9 Canada NewsWire ...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n \n \n \n NG Energy Provides Update on the Development of SINU-9\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 Dec. 2, 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, as part of the recently announced environmental license, the National Authority of Environmental Licenses (\"\n \n ANLA\n \n \") has approved the Company's petition for the drilling of 22 wells and the associated work programs for the construction of associated surface infrastructure, including roads and pads, for those wells covered within the SINU-9 environmental license. With the receipt of ANLA approval, the Company has commenced efforts for these surface construction projects.\n \n \n Following the Company's press release on\n \n September 10, 2021\n \n , which announced receipt of the SINU-9 environmental license, the Company's management team has decided to start the SINU-9 phase 1 drilling campaign in the northern area of the field (the \"\n \n North Area\n \n \") as it is the most prospective area from a resources standpoint, with an access road already in place requiring less time for initial civil work before drilling operations commence. Accordingly, the first two wells in the Company's fully-funded four-well drill program will be focused in the North Area. According to the Resources Report released by Petrotech Engineering Ltd. earlier this year, dated\n \n December 31, 2020\n \n , 51.4 BCF of Unrisked Contingent Resources and 269 BCF of Unrisked Prospective Resources (at 100% WI) were confirmed in the North Area.\n \n \n The Company has commenced design planning for modifications to the existing road and construction of the new pad in anticipation of the drilling of the Hechizo Norte-1 well, which will immediately be followed by the drilling of the Hechizo Este-1 well, in the first months of 2022. Under the direction of CPVEN, a suitable drilling rig has been contracted and all steps in relation t...