NG ENERGY PROVIDES UPDATE ON OPERATIONS AT SINU-9 AND MARIA CONCHITA

About this update from Ng Energy International Corp

NG ENERGY PROVIDES UPDATE ON OPERATIONS AT SINU-9 AND MARIA CONCHITA NG ENERGY PROVIDES UPDATE ON OPERATIONS AT SINU-9 AND MARIA CONCHITA /* 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; } .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 } .prnsblb1{ BORDER-LEFT:black 1pt } .prnml4{ MARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT } .prnvab{ VERTICAL-ALIGN: BOTTOM } .prnbbbs{ BORDER-BOTTOM:black 0.5pt solid } .prnsbtb1{ BORDER-TOP:black 1pt } .prnpr2{ PADDING-RIGHT:0.17em } .prnbcc{ BORDER-COLLAPSE: COLLAPSE } .prnrbrb1{ BORDER-RIGHT:black 1pt } .prnpl2{ PADDING-LEFT:0.17em } PR Newswire Magico-2X, the second well of the six-well 2026 drilling program at Sinú-9, was spudded on June 26, 2026, primarily targeting the newly discovered Pre-CDO–San Cayetano formation. INFRAES pipeline loop to Jobo has been completed; commissioning activities at the Jobo and Guayabal facilities are underway over the coming weeks, expected to increase transportation capacity at Sinú-9 to 40–45 MMcf/d gross (15.6–17.6 MMcf/d net).Hechicero-1X has tested at rates of up to 26.4 MMcf/d gross (10.3 MMcf/d net) from the Pre-CDO–San Cayetano zone, with M&P Colombia managing the well at a sustainable rate of approximately 15 MMcf/d gross (5.85 MMcf/d net) consistent with sound reservoir management practices.Current production at Sinú-9 is approximately 17.5 MMcf/d gross (6.8 MMcf/d net).Total field production at Maria Conchita is currently approximately 14.8 MMcf/d gross (11.8 MMcf/d net), with current infrastructure supporting up to 30 MMcf/d gross (24.0 MMcf/d net) of processing and transportation capacity.The Company's next development well at Maria Conchita, Aruchara-6, is expected to spud immediately following the completion of the ongoing Aruchara-1 workover, which is expected to be completed by July 10, 2026.The Company received the US$15 million instalment payment from Etablissements Maurel & Prom S.A. due in June 2026, bringing total cash received from the M&P ...

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