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Operations

Maria Conchita

Asset overview

 Basin Guajira
 Working interest 80%
 Operator NG Energy
 Block area 32,518 acres
 Status Producing
 Market access 14 km connection to the TGI pipeline

Maria Conchita is a producing natural gas block of 32,518 acres in the Department of La Guajira, in the Guajira Basin of northern Colombia. Gas is treated at a central processing facility on the block and delivered by pipeline into the Transportadora de Gas Internacional (TGI) system, which carries gas to Colombia’s interior markets.

NG Energy commenced production at Maria Conchita in August 2022. The Company is the operator of record under the block’s exploration and production contract with Colombia’s National Hydrocarbons Agency (ANH), and holds an 80% working interest. Gas is sold under long-term contracts to Colombian gas distributors and utilities, with volumes above contracted levels sold into Colombia’s spot market.

Location and infrastructure

From the Guajira Basin into Colombia’s national gas network

Map of Colombia's Caribbean region showing regional gas demand by city and the main pipeline network

 

Satellite map of the Maria Conchita block showing the gas treatment plant, Aruchara wells and the 14 km pipeline connection to TGI

 

Operating snapshot

Q3 2026 · updated quarterly
12.8 MMcf/d Net sales volumes
US$9.10 / Mcf Realized gas price
15.0 MMcf/d Contracted volumes
30.0 MMcf/d Processing, treatment and compression capacity
30.0 MMcf/d Transportation capacity
4 Producing wells

Source: Q3 2026 MD&A, financial statements and Company press release dated November 12, 2026. Gross figures are for 100% of the block; net figures are NG Energy's working-interest share.

Reserves

CategoryNatural gas (Bcf)NPV10 (US$ million)
Proved (1P)45.8160.6
Proved + probable (2P)61.6221.6
Proved + probable + possible (3P)72.0256.8

Company gross reserves at NG Energy’s 80% working interest, evaluated by Sproule ERCE effective December 31, 2025. Full details and advisories are in the year-end 2025 reserves release.

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