Fueling Colombia's
Clean Energy Transition
“It is clear that switching between unabated consumption of fossil fuels, on its own, does not provide a long-term answer to climate change, but there can nonetheless be significant CO2 and air quality benefits, in specific countries, sectors and timeframes, from using less emissions-intensive fuels.
Since 2010, coal-to-gas switching has saved around 500 million tonnes of CO2 – an effect equivalent to putting an extra 200 million EVs running on zero-carbon electricity on the road over the same period.”
Overview of NGE's Colombian
Natural Gas Blocks
Strong de-risked asset base in well known producing areas
Located in stable areas of the country
Close to significant national infrastructure

MARIA CONCHITA (80% WI)
- Gas Production: Commenced from the Aruchara-1 and Istanbul-1 wells starting at 3.5mmscfd with production volume expected to ramp to 16mmscfd
- 2P Reserves of 27.7 Bcf
- Best Estimate Gross Prospective Resources (prospects) Unrisked 155.9 Bcf (Risked 31.4 Bcf)
- Additional exploration wells planned at Maria Conchita starting with Tinka-1 – Q1 2023
SINU-9 (72% WI)
- Gas Discovery: Tested 15 MMSCFD from three zones at Magico-1X
- Best Estimate Contingent Resources of 37.0 Bcf1
- Best Estimate Prospective Resources (Prospects) Unrisked of 602.2 Bcf (Risked 182.4 Bcf) and Prospective Resources (Leads) of 459.0 Bcf1
- Best Estimate Unrisked Prospective Oil Resource (Leads) of 201,122 Mbbl2
- Spudding of Brujo exploration well – Q3 2022
TIBURÓN (10-40% WI)
- Blue sky exploratory asset with excellent natural gas exploration potential; NG intends to shoot seismic and possibly farm out
“Natural gas supports the integration of variable renewable electricity generation because it can quickly compensate for dips in solar or wind power supply and rapidly respond to sudden increases in demand. Natural gas is a good partner for hydropower, providing a secure electricity supply when there is insufficient rainfall.”
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Latest News
NG ENERGY ANNOUNCES 38,300 SHARES PURCHASED UNDER NCIB
August 15, 2022NG ENERGY BEGINS DISPATCHING GAS PRODUCTION IN THE MARIA CONCHITA GAS PLANT
August 8, 2022TSX.V: GASX
OTC: GASXF
FRA: 56PQ
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