TSX.V – GASX

OTC – GASXF

FRA – 56P

Maria Conchita

La Guajira, Colombia

Overview

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 Maria Conchita property and is one of several TGI networks servicing the country with Natural Gas. NG Energy has completed the connection point from Maria Conchita field to the TGI pipeline and commenced gas production in August of 2022.

Reserves and Resources

Project Gross (100% WI)

Reserves:

2P: 48.7 BCF

P3: 9.8 BCF

Total 3P: 58.5

Contingent Resources

Best Case: 82.2 BCF

High Case: 172.2 BCF

Production

Project Gross (100% WI)

Aruchara-1

7MMSCFD

Drilling and Re-Entry

Aruchara-3

Spudding Q3 – 2023