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NG Energy International Corp V.GASX

Alternate Symbol(s):  V.GASX.DB | V.GASX.W.A | GASXF

Energy Oil & Gas E&P
NG Energy International Corp. is a Canada-based oil and gas company. The Company provides clean and sustainable solution to Colombia’s energy needs. It is engaged exploration and development activities in Colombia. The Company’s portfolio consists of one appraisal and two exploration natural gas assets in Colombia. It has working interests in the Maria Conchita Block, the SN-9 Block and the Tiburon Block. The Maria Conchita is located in the Guajira Basin on Colombia’s Caribbean coast. The SN-9 Block is in the Lower Magdalena Valley, 75 kilometers (km) from Colombia's Caribbean coast. The SN-9 Block, which covers an area of approximately 311,353 acres in the Department of Cordoba, Colombia. The Tiburon block is in the Upper Guajira on Colombia’s Caribbean coast. The Tiburon block covers an area of approximately 245,850 acres in the Department of La Guajira, Colombia.


TSXV:GASX - Post by User

NG Energy International Corp
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Post by Betteryear2on May 18, 2022 8:09am
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Post# 34691614

RECEIVES INITIAL PREPAYMENT FOR 15 DAYS OF GAS PRODUCTION

RECEIVES INITIAL PREPAYMENT FOR 15 DAYS OF GAS PRODUCTIONVANCOUVER, BC, May 18, 2022 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that the Company has received an initial advance payment for the first 15 days of production from the Mara Conchita block. Energy Transitions S.A.S E.S.P. and Plus + SAS ESP's  prepayment for the acquisition of 3.5 million standard cubic feet per day (MMSCFD) of gas at a price of US$5.08 / million British thermal unit (MMBTU), totals US$277,368.00, for 80% of the gas production volume  from the Mara Conchita field during this initial period.
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