Investment Highlights:
De-Risked High-Quality
Asset Base
- 25.9 Bcf net reserves at Maria Conchita
- Management best-case estimate of 1 Tcf at SINU-9 provides significant upside
Highly Experienced
Management Team
- Extensive prior experience operating in Colombia and South America
- Current executives at Gran Colombia Gold and former executives of Pacific Rubiales and PDVSA
Proximity of
Infrastructure
- Maria Conchita’s proximity to the TGI Main Pipeline and Promigas Main Pipeline give the company access to the entire Colombian natural gas market
- SINU-9 adjacent to Canacol production is only 25km away from infrastructure
Strong Pricing with Long Term
Take or Pay Contracts
- High natural gas prices due to declining supply in Colombia
- State-owned utilities provide high quality, creditworthy counterparties for offtake agreements
- Expected to lock in high volume fixed pricing of ~$5/Mcf for 10+ years
Overview of
Target Opportunities
MARIA CONCHITA (80% WI)
- 2P Net Reserves: 25.9 Bcf
- Management Best Case Estimate: 81 Bcf
- Management Estimated Future Production: 20 – 30 MMscfd
- NPV(10): US$130 MM
- After-Tax IRR: >100%
- Development block with 3D seismic close to Colombia’s largest gas field
- NGX re-entered Aruchara-1 successfully yielding 14 – 20 MMscf/d
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%
- 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
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
- NGX intends to shoot a seismic survey and likely look for a farm-in partner
Aruchara-1 flowback testing
exceed expectations
19 MMscf/d AOF
15 MMscf/d Average
20 MMscf/d Peak
50% Sandface drawdown
Estimated future production rates of:
14 – 20 MMscf/d
(2,500 – 3,500 boe/d)
NGX expect to complete facilities and connections ready in Q1-2021 to start selling gas into the current $5.00+/Mcf market
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CONTACT US
E: investors@ngxenergyintl.com
P: +1-604-609-6132
NGX Energy International Corp
3123 – 595 Burrard Street
Vancouver, BC V7X 1J1