Announcement • Jul 02
NG Energy International Corp. Provides Update On Operations At Sinu-9 And Maria Conchita NG Energy International Corp. provided an operational update on activities at its Maria Conchita and Sinú-9 Blocks in Colombia. Magico-2X, the second well of the six-well 2026 drilling program at Sinú-9, was spudded on June 26, 2026, primarily targeting the newly discovered Pre-CDO–San Cayetano formation. The well is designed with three sections (16 inch, 12-1/4 inch and 6-3/4 inch) to a total measured depth of 7,500 feet. Drilling and completion of the well is expected to take approximately 35 days, with the well to be connected to the central processing facility for production thereafter. Magico-2X's focus on the Pre-CDO–San Cayetano formation follows the strong deliverability demonstrated at the Hechicero-1X well, which has tested at rates of up to 26.4 MMcf/d gross (10.3 MMcf/d net) from this zone – the newly discovered formation that has opened a wider area for natural gas presence at this stratigraphic level across the Sinú-9 Block. Following this testing, M&P Colombia has determined to manage the well at a sustainable production rate of approximately 15 MMcf/d gross (5.85 MMcf/d net) from the Pre-CDO–San Cayetano zone, consistent with sound reservoir management practices to protect the long-term performance and integrity of the well. Current production at Sinú-9 is approximately 17.5 MMcf/d gross (6.8 MMcf/d net). Total field production at Maria Conchita is currently approximately 14.8 MMcf/d gross (11.8 MMcf/d net), with current infrastructure supporting up to 30 MMcf/d gross (24.0 MMcf/d net) of processing and transportation capacity. The Company's next development well at Maria Conchita, Aruchara-6, is expected to spud immediately following the completion of the ongoing Aruchara-1 workover, which is expected to be completed by July 10, 2026. Workover operations at Aruchara-1 commenced on June 15, 2026, and are expected to be completed by July 10, 2026, targeting the isolation of currently produced zones, the opening of new zones, the deployment of sand control equipment, characterization of upper intervals, and recompletion of the well. Civil works at the Aruchara-6 location are expected to commence during the coming week, with the drilling rig to be mobilized to the well immediately following completion of the Aruchara-1 workover. Announcement • May 28
NG Energy International Corp. Announces Aruchara-5 Well Drilling Results At Maria Conchita NG Energy International Corp. has successfully drilled the Aruchara-5 well to a total depth of 9,097 feet, hitting the H1 target as designed and passing through the H2, H3, H4, H5 and H6 zones, with all zones showing positive results of gas at the surface and through wireline logs. Aruchara-5 has been completed and connected to the central processing facility at Maria Conchita and an evaluation of well performance is underway through the CPF, with new gas volumes being sold into the Colombian marketplace. Initial production from Aruchara-5 has delivered rates of 11.0 MMcf/d gross (8.8 MMcf/d net) at a wellhead pressure of 1,600 psi across the H1 zone. The addition of Aruchara-5 has brought total field production at Maria Conchita to 18 MMcf/d gross (14.4 MMcf/d net). Combined with average gross daily production of 22.5 MMcf/d (8.8 MMcf/d net) at Sinú-9 since Hechicero-1X was brought online, total Company net production is approximately 23.2 MMcf/d. The Company's contracted offtake agreements at Maria Conchita cover volumes up to 15 MMcf/d gross, with all incremental volumes above this threshold being sold into the Colombian spot market at approximately USD 11.50/Mcf. At Sinú-9, the Company maintains contracted offtake agreements up to 25 MMcf/d gross, with all incremental volumes above this threshold expected to be sold into the Colombian spot market at approximately USD 13.00/Mcf. The Maria Conchita Block benefits from infrastructure supporting up to 30 MMcf/d gross (24 MMcf/d net) of processing and transportation capacity, providing the runway to monetize production growth from the ongoing work program. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$1.57, the stock trades at a trailing P/E ratio of 8.2x. Average forward P/E is 11x in the Oil and Gas industry in Canada. Total returns to shareholders of 142% over the past three years. 
