Tuesday, October 21, 2025

NG Energy Expects Gas Production To Commence In Q3 2021

NG Energy International (TSXV: GASX) this morning released a corporate update on its Colombian operations. Within, the company provided the latest status of its Sinu-9 property, the Istanbul-1 re-entry, and the development of its gas treatment and transport technology facility.

At Sinu-9, the company has indicated that it is currently in the process of seeking governmental approval for exploratory drilling to be conducted. With the environmental study for the property initially submitted in December 2020 to the National Environmental Licensing Authority, the company expects to receive the authorization to proceed in July.

To date, the company has worked to construct road access and construct locations for initial drilling to take place. The first drills are expected to begin in Q3, with Magico-1X to be the first of four wells slated to be drilled at the property.

Meanwhile at Istanbul-1, the company has temporarily completed the well that it re-entered in May. The company is currently reviewing existing tech to place the well into continuous production as soon as possible.

Finally, the company is currently in the process of having the infrastructure completed at its Maria Conchita block. The required pipeline, plant, and complementary systems are in the process of being developed. A total of 3.7 kilometres of gas pipeline have been delivered to the project thus far, with construction of the remaining pipeline to be conducted following procedures for prior consultation with communities in the region. The company indicated that it has suffered delays due to social circumstances within the country.

The construction of the plant and complementary systems meanwhile is progressing, with manufacturing and construction of plant currently underway. Studies and procedures for production to commence at the Aruchara-1 well are currently underway as well, with the company anticipating gas production to commence in the third quarter of 2021.

NG Energy last traded at $1.10 on the TSX Venture.


FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive has been compensated to provide coverage on this company. The company has been compensated to cover this story on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

NG Energy Announces Re-Entry Of Istanbul-1 Well Slated To Occur This Month

NG Energy (TSXV: GASX) continues to develop its natural gas project in Colombia. The company...

Thursday, February 11, 2021, 08:59:04 AM

NG Energy Successfully Reenters Istanbul-1 Well

NG Energy International (TSXV: GASX) has seen the successful re-entry of the Isntabul-1 well. The...

Friday, May 14, 2021, 11:22:12 AM

NG Energy Completes Maria Conchita Natural Gas Plant

Progress continues for NG Energy International (TSXV: GASX). The firm this morning indicated it has...

Monday, January 17, 2022, 09:25:00 PM

NG Energy Spuds Second Well At SINU-9 Gas Field

Development of the SINU-9 gas field continues apace for NG Energy International (TSXV: GASX). The...

Friday, September 30, 2022, 08:19:08 AM

NG Energy Releases Reserves Report For Magico-1X, Reveals Plans To Drill Two Wells In Two Months

The results are in for NG Energy (TSX: GASX) for their Magico-1x well. The firm...

Friday, September 2, 2022, 08:42:09 AM