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LNG Energy Group Corp. V.LNGE

Alternate Symbol(s): LNGNF | V.LNGE.W

Energy Oil & Gas E&P

LNG Energy Group Corp is a Canada-based company, which is focused on the acquisition and development of natural gas production and exploration assets in Latin America. The Company’s assets include Sinu-San Jacinto-1(SSJN-1), Valle Inferior del Magdelana-41 (VIM-41), Valle Inferior del Magdalena-42 (VIM-42) and Sinu-San Jacinto 3-1(SSJN 3-1). The Company has a 50% working interest in SSJN-1, VIM-42 and SSJN 3-1. The Company has a 100% working interest in VIM-41. SSJN-1 covers approximately 226,000 acres. SSJN 3-1 covers approximately 83,000 acres. VIM-41 includes 93 billion cubic feet equivalent (BCFE) of net 3P reserves. It covers approximately 172,000 acres. VIM-42 includes 405 billion cubic feet (BCF) of prospective resource and covers approximately 228,000 acres.

TSXV:LNGE - Post by User

LNG Energy Group Corp.

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Post by silverTon Apr 24, 2024 8:16am

96 Views

Post# 36004653

YES sir.......BRING IT ON

LNG Energy Group Announces Signing of Hydrocarbon Productive Participation Contracts in Venezuela

V.LNGE | 1 hour ago

Highlights:

LNG Energy Group has been conditionally awarded two Productive Participation Contracts (“CPPs”) to develop and produce hydrocarbons in Venezuela.
The contracts cover five onshore fields that are currently producing approximately 3,000 bbl/d of oil.
The Blocks have existing production and transportation infrastructure in place.

TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: E26) (the “Company” or “LNG Energy Group”) is pleased to announce that its wholly-owned subsidiary, LNGEG Growth I Corp. (“LNG Venezuela”), has entered into a binding agreement with PDVSA Petroleo S.A. (“PPSA”), a subsidiary of Petroleos de Venezuela S.A. (“PDVSA”), the Venezuelan national oil company, for the operation of the Nipa-Nardo-Niebla and the Budare-Elotes CPPs in onshore Venezuela (collectively, the “VenezuelaBlocks”).