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NG ENERGY SIGNS GAS SALES CONTRACTS AND PROVIDES PRODUCTION UPDATE FOR MARIA CONCHITA
NG ENERGY SIGNS GAS SALES CONTRACTS AND PROVIDES PRODUCTION UPDATE FOR MARIA CONCHITA C...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n \n \n \n NG ENERGY SIGNS GAS SALES CONTRACTS AND PROVIDES PRODUCTION UPDATE FOR 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.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnbbbs{\nBORDER-BOTTOM:black 0.5pt solid\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Dec. 4, 2023\n \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 signed long-term take-or-pay contracts with Vanti S.A E.S.P (\"\n \n Vanti\n \n \"), Gases del Caribe S.A E.S.P (\"\n \n Gases del Caribe\n \n \") and Gases del Occidente S.A E.S.P (\"\n \n Gases del Occidente\n \n \") commencing\n \n December 1, 2023\n \n , for a duration of three years; the Company has also commenced realizing sales of natural gas at prices ranging from\n \n $7.70\n \n per Mcf to\n \n $8.20\n \n per Mcf from Maria Conchita. The Company expects to sign two additional offtake contracts in December.\n \n \n \n \n \n \n \n \n \n The Company is also pleased to announce that, further to the Company's press release on November 27, 2023, production volumes at Maria Conchita have increased from an initial baseline of 14 MMcf/d to a current production rate of 16.4 MMcf/d and volumes are expected to increase as the Company continues to test Aruchara-3 at increasing choke sizes.\n \n \n \n Serafino Iacono\n \n , CEO of NGE, commented: \"We are very pleased to sign these long-term take-or-pay contr...