Saturday, July 12, 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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

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: 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

NG Energy Begins Commissioning Pipeline At Sinu-9, Gas Sales To Start By Next Week

NG Energy (TSXV: GASX) has achieved a major milestone with the commissioning of a pipeline...

Monday, August 26, 2024, 09:26:35 AM

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 Enters Three Year Agreement For Sale Of 8,000 MMBTU Of Gas

NG Energy International (TSXV: GASX) continues to see demand for its natural gas produced in...

Thursday, October 13, 2022, 08:37:41 AM