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LNG Energy Group Corp. reports news focused on public-issuer status, Canadian securities-law disclosure matters, and capital actions connected with its continuous-disclosure obligations. Recent company updates describe the Ontario Securities Commission's partial revocation of a failure-to-file cease trade order and a private placement intended to fund outstanding disclosure work, professional fees, filing fees, legacy payables, working capital, and general administrative expenses.
LNG Energy Group (OTC:LNGNF) has extended to November 30, 2026 its binding exclusivity agreement and Letter of Intent with Fifth Ocean Management LP, in partnership with Westlawn Group, while the parties complete due diligence, satisfy conditions precedent and negotiate definitive documentation for a proposed joint venture.
The planned JV Company, to be organized in the United States and owned 50/50 by LNG Energy Group and Fifth Ocean, would invest in oil and gas exploration and development projects in Venezuela. LNG Energy Group would contribute its existing Venezuelan oil and gas assets, while Fifth Ocean would fund an investment program of up to US$200 million to increase production and potentially acquire additional assets.
The Transaction remains subject to due diligence, definitive agreements, customary closing conditions and required regulatory approvals, including from OFAC, the Ontario Securities Commission and the TSX Venture Exchange. The JV Company also plans a pilot program with Salamander Solutions to deploy advanced heating technology aimed at evaluating and unlocking heavy oil resources, with all activities to comply with applicable U.S. sanctions laws and OFAC authorizations.
LNG Energy Group (OTC: LNGNF) closed the first tranche of its previously announced non-brokered private placement, issuing 9,438,071 Units at C$0.05 per Unit for gross proceeds of approximately C$471,903. Each Unit includes one common share and one warrant exercisable at C$0.10 for 36 months.
The financing was completed under partial revocation orders of an existing failure-to-file cease trade order from the Ontario Securities Commission, so all securities, including Units and underlying shares, remain subject to that order until fully revoked. Insiders subscribed for 1,982,688 Units (about C$99,134), treated as related-party transactions under MI 61-101, with the company relying on available valuation and minority approval exemptions.
The Units are subject to a hold period of four months and one day, expiring December 15, 2026, and the tranche closing remains subject to final TSX Venture Exchange acceptance. LNG Energy Group plans to use proceeds to meet continuous disclosure obligations and apply for full revocation of the cease trade order, and it expects to close a second tranche starting the week of August 24, 2026.
LNG Energy Group (OTC:PINK LNGNF) received a second partial revocation order from the Ontario Securities Commission on August 6, 2026, allowing it to continue a previously announced private placement of up to $2,000,000 in units at $0.05 per unit.
Each unit includes one common share and a warrant exercisable at $0.10 for 36 months. Proceeds are intended to fund filing of outstanding continuous disclosure documents, related professional fees, Private Placement costs, legacy payables, filing fees for a full cease trade revocation, and working capital. The order expires on completion of the financing or on November 4, 2026, and all issued securities remain subject to the existing failure‑to‑file cease trade order and a four‑month‑plus‑one‑day hold period.
LNG Energy Group (OTC:LNGNF) reported that the Ontario Securities Commission’s April 23, 2026 partial revocation order ended on July 22, 2026, leaving the company still subject to a May 7, 2025 failure-to-file cease trade order tied to outstanding continuous disclosure documents.
The company said its previously announced private placement financing has attracted strong interest from existing and new investors but was not completed before the first partial revocation expired. LNG Energy Group has applied to the OSC for a second partial revocation order so it can continue the private placement, with intended uses including bringing filings current, paying related professional and regulatory fees, settling legacy payables, and funding working capital and general and administrative expenses until a full FFCTO revocation is obtained. Funds subscribed to date remain in trust with legal counsel pending any second order and completion of the offering.
LNG Energy Group (OTC:LNGNF) reported a sharp decline in Colombian output, with first-half 2026 daily production averaging 5,449 Mcf/d of natural gas and 36 bbl/d of condensate, down 59% and 50% respectively versus the first half of 2025. Second-quarter 2026 gas and oil production fell 12% and 24% from the first quarter, while realized prices averaged US$9.0/Mcf for natural gas and US$78.4/bbl for condensate.
According to LNG Energy Group, productivity at key wells was impacted by unforeseen subsurface conditions causing casing obstructions, although original gas-in-place appears intact. The company disclosed these results as part of a remedial filing plan tied to a failure-to-file cease trade order issued in May 2025. Its Colombian branch has exited the PRES insolvency process with a Law 1116 Reorganization Agreement, covering staggered debt repayments over 39 quarters following judicial validation. The company continues to pursue a Venezuela joint venture, a non-brokered private placement financing intended to support full FFCTO revocation, and an insurance claim that could fund future Colombian drilling.
LNG Energy Group (OTC:LNGNF) entered a binding exclusivity agreement and LOI for a 50/50 joint venture with Fifth Ocean Management, in partnership with Westlawn Group, to pursue oil and gas projects in Venezuela.
The proposed US-based JV company would receive up to US$200 million of funding from Fifth Ocean, while LNG contributes Venezuelan assets, and will partner with Salamander Solutions on heavy oil technology pilots.
LNG Energy Group (OTC:LNGNF, TSXV:LNGE) announced a Partial Revocation Order from the Ontario Securities Commission dated April 23, 2026, allowing a proposed private placement of up to $2,000,000.
The proposed Units are expected at $0.05 each, with one warrant exercisable at $0.10 for 36 months. Proceeds are earmarked to complete filings, pay professional fees, legacy payables, and fund working capital. The partial revocation ends on completion or July 22, 2026.
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