NG ENERGY ANNOUNCES FILING OF Q1 2026 FINANCIAL RESULTS

About this update from Ng Energy International Corp

NG ENERGY ANNOUNCES FILING OF Q1 2026 FINANCIAL RESULTS /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } .prngen4{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: RIGHT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt } .prngen3{ PADDING-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 } .prngen2{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt } .prnml4{ MARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT } .prnbcc{ BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black } Canada NewsWire Q1 production and financial highlights: Q1 2026 natural gas and NGL sales of US$9.5 million, a 48% increase year-over-year at a blended realized natural gas price of US$8.50/Mcf and average daily net production of 12,413 Mcf/d, comprising 8,227 Mcf/d net from Maria Conchita and 4,186 Mcf/d net from Sinú-9.Pricing dynamics Colombia: Incremental production expected to achieve pricing of ~US$11.50/Mcf at Maria Conchita and ~US$13.00/Mcf at Sinu-9 on volumes above contracted thresholds which are 15 MMcf/d and 25 MMcf/d respectively, resulting in substantial upside for the Company as production growth increases through fiscal 2026.Balance Sheet transformation: Sinú-9 Transactions closed in January 2026 for total cash consideration of US$150 million, transforming the Company's balance sheet; US$87.5 million received through March 31, 2026, with a further US$31.1 million received subsequent to quarter-end and US$30 million due in two equal instalments in June and July 2026. Macquarie debt stands at US$23.0 million. Significant Discovery: Subsequent to Hechicero-1X coming online, gross production at Sinú-9 reached the technical limit of current pipeline capacity of 31.5 MMcf/d (12.28 MMcf/d net to NGE), driven by the Pre-CDO–San Cayetano interval. This prod...

View stock analysis, news, and events for Ng Energy International Corp