NG Energy International Corp. reports company developments tied to its Colombian natural gas assets, including reserve and resource evaluations for Sinu-9 and Maria Conchita, drilling activity, operating and financial results, and governance or capital-structure matters.
Recurring announcements also reference the company's working interests held through MKMS Colombia, the role of Maurel & Prom as operator at Sinu-9, annual audited consolidated financial statements, compensation plan grants, and exchange-related corporate actions.
NG Energy (TSX: GASX, OTCQX: GASXF) reported Q2 2026 natural gas and NGL sales of US$10.8 million, up 14% versus Q1 2026 and 8% versus Q2 2025. YTD 2026 sales reached US$20.3 million, a 24% year-over-year increase, supported by higher realized gas prices.
Average net production for sale rose 15% quarter-over-quarter to 14.222 MMcf/d, with Maria Conchita contributing 8.654 MMcf/d and Sinú-9 5.568 MMcf/d. Early August combined gross production reached 44.48 MMcf/d (24.21 MMcf/d net).
Liquidity strengthened with US$33.2 million cash at June 30, 2026, completion of the US$150 million Maurel & Prom consideration and C$26.5 million in warrant proceeds. Capital expenditures were US$18.1 million in Q2 and US$24.7 million YTD, mainly for Sinú-9 and Maria Conchita.
The Macquarie credit facility balance stood at US$23 million, with the margin cut from 8.5% to 7.5% and potential further reductions tied to production and reserves thresholds. At Sinú-9, current export capacity of 30 MMcf/d is expected to rise to 40–45 MMcf/d once the INFRAES pipeline loop is commissioned.
NG Energy (TSX: GASX, OTCQX: GASXF) reported receipt of total proceeds of C$26,509,500 from the exercise of 29,455,000 July 2026 common share purchase warrants at C$0.90 each, with about C$22 million received since the end of Q1 2026. All remaining unexercised July 2026 warrants have expired as of July 31, 2026, and the exercises resulted in the issuance of 29,455,000 common shares, bringing total shares outstanding to 296,334,964.
According to NG Energy, the proceeds strengthen its balance sheet and support its 2026 program, including a six‑well drilling campaign at the Sinú‑9 Block and ongoing development at the Maria Conchita Block. The company also disclosed that Lutry Investments exercised 9,500,000 warrants and now beneficially owns 57,132,952 shares (19.66%) plus 12,750,000 warrants, which would represent 23.03% ownership on a partially diluted basis. NG Energy clarified that it holds a 39% contractual interest in Sinú‑9 and 100% contractual interest (80% working interest under private agreements) in Maria Conchita.
NG Energy (OTCQX:GASXF) reported an operational update for its Sinú-9 and Maria Conchita gas blocks in Colombia. Magico-2X, the second well in a six-well 2026 campaign at Sinú-9, was spudded June 26, 2026, targeting the Pre-CDO–San Cayetano formation.
Hechicero-1X tested up to 26.4 MMcf/d gross and is being managed at about 15 MMcf/d gross. An INFRAES-built pipeline loop to Jobo is complete, with commissioning expected to lift Sinú-9 transport capacity from 30 to 40–45 MMcf/d gross. Current Sinú-9 production is 17.5 MMcf/d gross.
Maria Conchita currently produces about 14.8 MMcf/d gross, with infrastructure for up to 30 MMcf/d gross. The Aruchara-1 workover, expected to finish by July 10, 2026, will be followed by spudding of development well Aruchara-6. NG Energy also received a US$15 million June 2026 instalment from Maurel & Prom, bringing total Sinú-9 transaction proceeds to roughly US$135 million, with a final US$15 million expected in July 2026.
NG Energy (TSX:GASX, OTCQX:GASXF) reported successful drilling of the Aruchara-5 well at the Maria Conchita Block in Colombia.
Aruchara-5 reached 9,097 feet, encountered gas across H1–H6 zones, and is producing 11 MMcf/d gross, lifting Maria Conchita output to 18 MMcf/d gross and total Company net production to about 23.2 MMcf/d.
NG Energy (TSX:GASX, OTCQX:GASXF) reported Q1 2026 natural gas and NGL sales of US$9.5 million, up 48% year-over-year, on 12,413 Mcf/d average net production at a blended realized gas price of US$8.50/Mcf.
The Company closed US$150 million in Sinú-9 transactions, received US$87.5 million by March 31 plus US$31.1 million afterward, with US$30 million due by July 2026, and reported cash of US$11.95 million and Macquarie debt of US$23.0 million. Sinú-9 production reached existing pipeline limits of 31.5 MMcf/d, with transportation capacity expected to rise to 40 MMcf/d by June 2026 and potentially 90 MMcf/d by year-end. NG Energy graduated to the Toronto Stock Exchange and plans a normal course issuer bid.
NG Energy (OTCQX: GASXF / TSX-V: GASX) reported a significant gas discovery on the Sinu-9 Block at the Hechicero-1X well, including a Pre-CDO–San Cayetano net pay of 103 ft and an initial test rate of 26.4 MMcf/d on a 43/128 choke. Additional net pay of 288 ft (CDO) and 149 ft (Porquero) were logged. Current transport capacity is 30 MMcf/d, rising to 40 MMcf/d after an initial 18 km pipeline loop by end-May 2026, with potential to reach 90 MMcf/d pending agreements. The company received US$42.5M cash in April and expects another US$42.5M in July; TSX listing begins April 30, 2026.
NG Energy (OTCQX: GASXF) filed audited 2025 annual financial statements and related reserves reports on March 30, 2026.
Key highlights: FY 2025 sales US$44.6M, record Q4 production ~20,934 Mcf/d, Sinú-9 sale to Maurel & Prom for US$150M (US$87.5M received), Macquarie debt down to US$23.0M, and a 2026 seven-well drilling program underway. The Company applied to uplist to the TSX.
NG Energy (OTCQX: GASXF) reported significant 2025 year-end reserve and resource uplifts and started drilling at Sinu-9. Key metrics: 1P BT NPV10 +67%, 2P +50%, 3P +42%; contingent and prospective resources rose 73% and 50% respectively.
Maurel & Prom began drilling the Hechicero-1X well; Maria Conchita production is stable at 12.0 MMcf/d with Aruchara-5 expected to spud by end of March 2026. Sinu-9 working interest reduced to 39% after transactions yielding US$150 million in cash consideration.