Tuesday, October 21, 2025

NG Energy Successfully Reenters Istanbul-1 Well

NG Energy International (TSXV: GASX) has seen the successful re-entry of the Isntabul-1 well. The re-entry was done as part of an ongoing evaluation program of the Maria Conchita gas field, and follows the successful re-entry of another well in August 2020.

Preliminary testing in several zones of the well has indicated that gas has been encountered, with that gas now being tested for flow rates. The re-entry will look to repair wellbore damage, as well as to evaluate the potential extension of the Aruchara-1 producing zones. The company will also look to identify the production potential of newly identified gas zones.

“We are very pleased that our team has been able to successfully re-enter Istanbul-1 and repair the wellbore damage and we look forward to updating the market on flow rates from the well in due course. It is also worth noting that the Company’s business and operations are proceeding as usual and have not been disrupted by protests.

Ronald Pantin, Executive Chairman

The company also provided an update on current operations elsewhere, with Ronald Pantin, Executive Chairman, commented, “the construction of the Maria Conchita production facilities, including the design and construction of the gas-line, the treatment facilities and the connection to GTI are progressing and NG is receiving offers to assign the O&M contract for the required compression infrastructure.

NG Energy last traded $1.18 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

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Canacol Posts US$65.8 Million In Revenue, US$3.1 Million Net Loss For Q1 2021

Canacol Energy Ltd. (TSX: CNE) announced today its financial results for Q1 2021, recording US$65.8...

Friday, May 14, 2021, 09:57:00 AM

Europe’s Energy Crisis Escalates as Prices Soar to Historic Record

Energy costs across Europe soared to the highest ever this week, amid widening natural gas...

Saturday, December 25, 2021, 11:49:00 AM

NG Energy Confirms “Significant Gas” Encountered At Sinu-9 Well

It appears that an image posted on social media has lead NG Energy International (TSXV:...

Thursday, July 21, 2022, 09:37:40 AM

NG Energy Provides Construction Update For First Production Facilities

NG Energy (TSXV: GASX) this morning provided a brief update on the status of its...

Monday, July 19, 2021, 09:10:00 AM

European Natural Gas Prices Sent Soaring as Freezing Temperatures Arrive

Natural gas prices across Europe were sent soaring this week, as flows through a major...

Monday, December 20, 2021, 04:34:00 PM