Domestic
Natural Gas Supply
for Energy Transition
in the Americas

Sinú-9 is a large hydrocarbon field located in the Sinu San Jacinto basin and connected into the Promigas pipeline with direct access to the coastal urban and industrial areas in the north of Colombia. Field total gross proven plus probable (2P) and proven plus probable plus possible (3P) reserves of respectively 180.7 Bcf and 398.3 Bcf as of December 31, 2024. The block is fully permitted with Environmental Approval granted by the National Authority of Environmental Licences (ANLA) to drill 22 wells from 11 locations.

NGE has successfully closed its transactions with: (1) Etablissements Maurel & Prom S.A. for the sale of a 40% operating working interest in the Sinú-9 Block for total cash consideration of US$150 million; and (2) the minority partners at the Sinú-9 Block, together with Maurel & Prom, for the acquisition of a collective 28% working interest in the Sinú-9 Block. As a result of the closing of the Sinú-9 Transactions, NGE now holds a 39% non-operating working interest and Maurel & Prom holds a 61% operating working interest in the Sinú-9 Block.

The Joint Operation for the Sinú-9 Block anticipates drilling six wells in 2026 as the partners endeavor to meaningfully add natural gas production to Colombia's under-supplied marketplace. This aligns with ongoing infrastructure expansions for the block in partnership with INFRAES S.A.S E.S.P, with the initial loop of the pipeline expected to be completed by Q2 2026, increasing transportation capacity from 30 MMcf/d to 40 MMcf/d.

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Maria Conchita is NG Energy's first producing gas field located in the Department of La Guajira. After successfully re-entering the Aruchara-1 well in July 2020, the Company reached commercial production in August 2022. The field has processing, treatment, compression and transport capacity up to 30 MMcf/d and benefits from secured 3-5 year take-or-pay gas sales contracts, with realized prices of US$8.23 per Mcf during Q3 2025, which is expected to continue to climb in a favourable natural gas pricing environment with new natural gas volumes expected to be sold at prices >$11.00 per Mcf. The field has three producing wells - Aruchara-1, Aruchara-3 and Aruchara-4 - with Aruchara-5 expected to be drilled at the beginning of Q1 2026.

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