VANCOUVER, BC, Feb. 23, 2022 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce the Company and its contractors have begun to mobilize the drilling rig and related equipment to the location where the Magico-1 well will be drilled and tested. The road to the platform is complete and construction of the pad is in progress. The first load of the 1,500 horse power drilling rig (Independence 61), contracted to Independence Energy, are being mobilized and will include containers, sludge tanks, two frac tanks and the 3.5" tubing and casings, provided by Corpac Steel and Pipe Supply, needed to perform the drilling and completion of the well.
As part of the continuous evaluation of SINU-9, a new seismic review of the Magico area, including AVO anomalies re-interpretation, has been carried out showing the presence of several class 3 bright spots and new evidence of deeper prospective zones with possible higher production expectations. This was the initial area to be explored. For this reason, management has concluded to start the drilling program with the Magico-1 well followed by the other very attractive areas Hechizo, Milagroso and Hechicero. The change back to Magico-1 also considers the social impacts from drilling activities. Agreements with local communities in the area surrounding Magico have been achieved including rights of way and local hiring for a faster start of civil work and drilling activities.