Business
NG ENERGY ANNOUNCES SIGNIFICANT NEW GAS DISCOVERY IN SINU-9 BLOCK IN COLOMBIA
NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to report positive results from the Hechicero-1X well on the Sinu-9 Block in Colombia, an update on drilling operations at the María Conchita Block, and the graduation of the Company's common shares (the "Common Shares") to the Toronto Stock Exchange (the "TSX"), effective April 30, 2026. NGE holds a 39% non-operating working interest in Sinu-9 and operates the María Conchita Block with an 80% working i
About this update from Ng Energy International Corp
CALGARY, AB, April 28, 2026 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to report positive results from the Hechicero-1X well on the Sinu-9 Block in Colombia, an update on drilling operations at the María Conchita Block, and the graduation of the Company's common shares (the "Common Shares") to the Toronto Stock Exchange (the "TSX"), effective April 30, 2026. NGE holds a 39% non-operating working interest in Sinu-9 and operates the María Conchita Block with an 80% working interest. Hechicero-1X Well – Sinu-9 The Hechicero-1X well was originally spudded on February 24, 2026, and reached a total measured depth of 8,500 ft on March 28, 2026. Electric log analysis confirmed natural gas across multiple intervals within the Ciénaga de Oro ("CDO") formation – the primary target – with a net pay of 288 ft. In addition, natural gas-bearing reservoirs were identified in two new formations: the shallower Porquero and the deeper Pre-CDO–San Cayetano intervals, with a net pay of 149 ft and 103 ft, respectively. The Hechicero-1X well has been completed to initially enable selective production from five CDO intervals, as well as from the Pre-CDO–San Cayetano interval. Initial well tests conducted from April 22 to 24 on the Pre-CDO–San Cayetano intervals have delivered an instantaneous production rate of 26.4 MMcf/d with 1,800 psi well-head pressure through a restricted 43/128 choke. The well has been shut down for a pressure build up analysis, following which it will resume production from the Pre-CDO–San Cayetano interval through existing facilities at Sinu-9 that are connected to Colombia's national gas transportation system. The Pre-CDO–San Cayetano discovery at the Hechicero-1X well is particularly significant, as it opens a wider area for natural gas presence at this stratigraphic level across the Sinu-9 Block. The Company believes this discovery expands the prospective footprint of the Pre-CDO–San Cayetano intervals within Sinu-9, providing additional drilling targets beyond the CDO intervals that have been the focus of previous drilling activities. The operator of Sinu-9, Etablissements Maurel & Prom S.A. ("M&P"), will now mobilize the drilling rig to Magico-2X, the second well of the planned six-well exploration campaign. Cur...
View stock analysis, news, and events for Ng Energy International Corp