Maria Conchita

Overview

Duis vulputate, libero id iaculis eleifend, lacus est imperdiet nunc, nec venenatis nulla ipsum eget nulla. Donec porttitor eleifend nibh id aliquam. Nulla facilisi. Nulla semper, nulla sed facilisis sodales, ligula diam vestibulum enim, quis aliquet lorem mauris et enim. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia curae; Suspendisse vitae turpis purus. Aliquam erat volutpat. Duis lacinia tincidunt velit at vestibulum. Proin pharetra eleifend mi, sit amet feugiat orci eleifend eu. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia curae; Sed ultricies, risus eget dapibus efficitur, velit erat maximus mi, a tempus turpis nunc sit amet risus. Vivamus quis consectetur purus. Duis scelerisque mattis orci, aliquam viverra est egestas et. Donec cursus nisl a purus faucibus tincidunt. Etiam ac venenatis eros.

Aruchara-1 flowback testing
exceed expectations

19 MMscf/d AOF
15 MMscf/d Average
20 MMscf/d Peak
50% Sandface drawdown

Estimated future production rates of:
14 – 20 MMscf/d
(2,500 – 3,500 boe/d)

NGX expect to complete facilities and connections ready in Q1-2021 to start selling gas into the current $5.00+/Mcf market

Drilling & Re-Entry Plan

1. Aruchara-1

• Successful re-entry in July 2020
• 19 MMcf/d absolute open flow
‒15 MMcf/d average
‒20 MMcf/d peak
• Field estimated future production rates of 14 to 20 MMcf/d

2. Istanbul-1

• Well re-entry
• Scheduled for Q2-21
• Originally drilled by PentaNova in 2018
– Gas potential is currently under evaluation

3. Tinka-1

• Well re-entry
• Timing TBD
• Originally drilled by Ecopetrol in 1988
– Tested at 3-4 MMcf/d offering great potential for re-entry

4. Aruchara-3

• New drill
• Timing TBD

5. Aruchara-4

• New drill
• Timing TBD

6. Tinka-2

• New drill
• Timing TBD

Sign up

Latest News

NGX ENERGY SELLS OIL & GAS INTERESTS IN ARGENTINA October 20, 2020

NGX ENERGY ANNOUNCES US$10 MILLION BROKERED PRIVATE PLACEMENT OF DEBENTURES October 6, 2020

Investor Centre

See our most recent investor presentation

TSX.V: GASX
OTC: PENYF
FRA: 56PQ

CONTACT US

E: investors@ngxenergyintl.com
P: +1-604-609-6132

NGX Energy International Corp
3123 – 595 Burrard Street
Vancouver, BC V7X 1J1