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NG Energy International Corp V.GASX

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

NG Energy International Corp. is a Canada-based natural gas exploration and production company. The Company is focused on the discovery, delineation and development of large-scale natural gas fields in developing countries, supporting energy transition and economic growth. Its asset 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 Block is located in the Department of La Guajira, Colombia, and neighbors the Chuchupa Block to its north. The SN-9 Block is in the Lower Magdalena Valley, 75 kilometers (km) from Colombia’s Caribbean coast. The SN-9 Block covers an area of approximately 311,353 acres in the Department of Cordoba, Colombia. The Tiburon Block covers an area of approximately 245,850 acres in the Department of La Guajira, Colombia.


TSXV:GASX - Post by User

Comment by dmacdon Oct 20, 2022 12:06pm
167 Views
Post# 35036558

RE:NG Energy Hits 783 Feet Of Net Gas Pay At Brujo-1x Well

RE:NG Energy Hits 783 Feet Of Net Gas Pay At Brujo-1x WellI doubled down on this news. I think the current pay zone in this formation is 100 ft and now the zone just got a lot bigger and that should also help with the reserves analysis. Not sure if the pipeline will accommodate the expected flows but the field is getting nicely derisked. Interested to see what the company comes out with for economics and development plans. Remember that this is the small field that GASX holds the rights to, so its worthwhile to take the risk early and see if it will execute well. 
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