Sunday, August 24, 2025

Latest

NG Energy Tests 50.6 MMscf/d Gas In Aggregate Across Three Zones At Brujo-1X

Testing of NG Energy’s (TSXV: GASX) Brujo-1x well, which previously was indicated to have hit 783 feet (238 metres) of net gas pay, has been completed. The well was first spud in September, under an arrangement with CleanEnergy Resources.

A total of four drill stem tests were conduct on the well, with three said to be successful in the intermediate and upper section of Cienaga de Oro formation. 276.5 feet of the formation was perforated for gas production, with DST-2 testing at 11.2 MMscf/d, DST-3 testing at 18.2 MMscf/d and DST-4 testing at 21.2 MMscf/d, for a total of 50.6 MMscf/d across the three areas.

“After the successful results of Magico-1X well, we are very excited about these new results with the Brujo-1X in SN-9 block identifying a new area with greater exploration potential. Back-to-back success of this magnitude brings the Company a step closer to delineating a new prolific field in the Lower Magdalena basin,” commented CEO Serafino Iacono.

NG Energy and CleanEnergy will now analyze the best method for completion and to test the remaining prospective zones, which is said to include 103 feet of the Porquero formation. Current regulatory requirements do not permit the production of gas from all three wells simultaneously.

READ: Canaccord: NG Energy Has “One Of The Largest Onshore Discoveries From The Last Few Years”

No water was said to have been produced from any of the four drill stem tests, with the first test said to not produce any gas, with results considered inconclusive at this time for that particular test.

The company now intends to begin drilling the Hechicero-1X well at the Sinu-9 property, which is to be drilled from the same pad as the Brujo-1X well, with the required approvals already in place.

NG Energy last traded at $0.89 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. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Video Articles

G Mining Q2 Earnings: Costing Gone Wild

Aya Gold Q2 Earnings: Production Slips Amid Ramp Up

i-80 Gold Q2 Earnings: Better, But Not Great

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

NG Energy Preps For Well Re-Entry, Reaches Agreement For Pipeline Tie-In

NG Energy International (TSXV: GASX) this morning had a positive update for investors on the...

Friday, October 29, 2021, 08:23:31 AM

Beacon Expects NG Energy’s Sinu-9 Approval To Arrive Soon

On August 25, NG Energy (TSXV: GASX) reported its second quarter financial results. Although there...

Monday, August 30, 2021, 11:31:00 AM

NG Energy Receives Final License Required For Maria Conchita Block To Enter Production

NG Energy International (TSXV: GASX) continues to inch closer to finally achieving natural gas production...

Thursday, March 3, 2022, 08:03:43 AM

NG Energy Raises $10.3 Million Under Financings, Sees Insiders Participate

NG Energy (TSXV: GASX) today closed its previously announced financing, raising gross proceeds of $9.8...

Wednesday, February 10, 2021, 03:07:00 PM

NG Energy: Revenue Generation To Begin By April – The Daily Dive feat Serafino Iacono

Today on the Daily Dive, we sit down with seasoned executive Serafino Iacono, whom is...

Wednesday, February 24, 2021, 01:30:00 PM