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NG Energy International Corp V.GASX.W.A


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

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

Post by Spencerleeon Jan 02, 2024 6:48pm
356 Views
Post# 35807896

Huge debt, huge growth, negative gross

Huge debt, huge growth, negative gross Gasx is floundering abit, as they have a large amount of debt. They are growing at light speed and in a years time maybe could be generating positive revenue maybe.... but at the moment it looks as if they will stay in the red and negative for some time going forward which will effect the SP. It's nice to see the oil and gas subcontractors taking the hit to pay for infrastructure so gasx doesn't need to raise. None the less this will be range bound and is abit of a cluster fack.  Tdbs where'd you go you Nancy putz pumped 
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