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NG ENERGY REACHES THE CIÉNAGA DE ORO FORMATION IDENTIFYING 100 FEET OF NET GAS PAY
NG ENERGY REACHES THE CIÉNAGA DE ORO FORMATION IDENTIFYING 100 FEET OF NET GAS PAY ...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n \n \n \n NG ENERGY REACHES THE CIÉNAGA DE ORO FORMATION IDENTIFYING 100 FEET OF NET GAS PAY\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 \n VANCOUVER, BC\n \n \n ,\n \n \n June 28, 2022\n \n \n /CNW/ - NG Energy International Corp. (\"NGE\" or the \"Company\") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that drilling at Magico-1 has reached the Ciénaga De Oro (\"CDO\") sandstone reservoir encountered at 3,000 ft. The Company has identified several prospective gas bearing zones through well logs at a depth between 3,200 and 3,350 ft. for a total gross pay of 150 ft. and a net pay of 100 ft. The prospective zones will be tested during the coming weeks to define where and how the well should be completed.\n \n \n \n Serafino Iacono\n \n , Chief Executive Officer of NGE, commented \"We are preparing to test and complete the well and are very excited. We believe we will have good production from these tests and once complete be ready for the next exploration activities in this very prospective gas producing region.\"\n \n \n \n About NG Energy International Corp.\n \n \n \n NG Energy International Corp. is a publicly traded E&P company on a mission to provide a clean and sustainable solution to\n \n Colombia's\n \n energy needs. The Company intends on executing this mission by producing and bringing gas to the premium priced Colombian gas market from its concessions, SN-9, a 311,353 acres block which is adjacent to Canacol's Nelson field, as well\n \n Maria Conchita\n \n , a 32,518-acre block located in the region of La Guajira. NGE's team has extensive technical expertise and a proven track record of building companies and creating value in\n \n South America\n \n . For more information, please visit SEDAR (\n \n \n www.sedar.com\n \n \n ) and the Company's website (\n \n \n www.ngenergyintl.com\n \n \n ).\n \n \n \n \n Cautionary Statement Regarding Forward-Looking Information\n \n \n \n \n \n Except for the statements of historical fact, this news release contains \"forward-looking information\", withi...