Maria Conchita

Near-Term Production

The Maria Conchita field is located in the Guajira Basin on Colombia’s Caribbean coast. The property neighbors one of the largest natural gas deposits in Colombia, the Chuchupa field, with more than 900 MMboe in reserves and accounting for 40% of Colombia’s daily natural gas output . The Ballena–Barrancabermeja pipeline is located just 14km from the Marica Conchita property and is one of several TGI networks servicing the country with Natural Gas.  NG Energy has secured financing and necessary permitting to build a connection from the Maria Conchita field to the TGI pipeline and commence production in 2021.

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)

Connecting to National Infrastructure

  • Environmental permitting has been granted by the public entity of the Colombian government with full autonomy, in charge of the public administration of environmental resources and their protection in its jurisdiction within the department of La Guajira
  • Transportadora de Gas Internacional (TGI), is ready-to-build approved connection point to gas pipeline.
  • US$10,000,000 Debenture Financing secured to fund capital expenditures for the construction of the Pipeline and infrastructure needed to connect the Pipeline to existing gas transportation infrastructure
  •  NG Energy expect to complete facilities and connections by Spring 2021 and start selling gas into the current $5.00+/Mcf market

Project Layout

Drilling & Re-Entry Plan

1. Aruchara-1

• Successful re-entry in July 2020
• 19 MMcf/d absolute open flow
‒15 MMcf/d average
‒20 MMcf/d peak
• Field estimated future production rates of 14 to 20 MMcf/d

2. Istanbul-1

• Well re-entry
• Scheduled for Q2-21
• Originally drilled by PentaNova in 2018
– Gas potential is currently under evaluation

3. Tinka-1

• Well re-entry
• Timing TBD
• Originally drilled by Ecopetrol in 1988
– Tested at 3-4 MMcf/d offering great potential for re-entry

4. Aruchara-3

• New drill
• Timing TBD

5. Aruchara-4

• New drill
• Timing TBD

6. Tinka-2

• New drill
• Timing TBD

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

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