Overview of Colombian
Natural Gas Blocks
MARIA CONCHITA (80% WI)
- 2P Net Reserves: 25.9 Bcf
- Management Best Case Estimate: 200 Bcf
- Management Estimated Future Production: 30 MMscfd
- NPV(10): US$115 MM
- After-Tax IRR: >100%
- Development block with 3D seismic close to Colombia’s largest gas field
- NGE re-entered Aruchara-1 successfully yielding 14 – 20 MMscf/d
- Istanbul-1 re-entry scheduled for February 2021
SINU-9 (72% WI)
- Management Best Case Estimate: 1 Tcf
- Management Estimated Future Production: 180 MMscfd
- NPV(10): US$600+ MM
- After-Tax IRR: >100%
- Flagship exploratory asset with gas accumulations and oil upside adjacent to Canacol’s Esperanza block
- Hechizo-1 previously drilled by Ecopetrol in 1992 and tested 10 MMscf/d
- Binding offer for $27.7 MM financing package with CPVEN to construct and complete 4 wells
TIBURÓN (10-40% WI)
- Management Best Case Estimate: 2 Tcf
- Management Estimated Future Production: 400 MMscfd
- NPV(10): >US$4,000 MM
- After-Tax IRR: 50%
- Blue sky exploratory asset with great gas potential
- NGE intends to shoot a seismic survey and likely look for a farm-in partner
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Latest News
NG ENERGY RECOGNIZED IN THE 2021 TSX VENTURE 50®
February 26, 2021
NG ENERGY TO RE-ENTER ISTANBUL-1 WELL IN THE MARIA CONCHITA BLOCK IN FEBRUARY 2021
February 11, 2021
TSX.V: GASX
OTC: GASXF
FRA: 56PQ
CONTACT US
E: investors@ngxenergyintl.com
P: +1-604-609-6132
NG Energy International Corp
3123 – 595 Burrard Street
Vancouver, BC V7X 1J1