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NG ENERGY ANNOUNCES DRILLING OF THE ARUCHARA-3 DEVELOPMENT WELL AT MARIA CONCHITA

Newswire.ca - Thu Aug 3, 2023

VANCOUVER, BC, Aug. 3, 2023 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce the start of drilling at Aruchara-3. The well is being drilled from the same pad as Aruchara-1 with a 22° deviation, targeting the Jimol formation to develop the H1A and H1B accumulations and define the potential extension of more reserves and resources in the H2B section by testing this prospect. The well will be drilled to a total depth of 8,950 feet in three phases and, if successful, completed and tied into the existing production facilities by the beginning of Q4 2023 supporting increasing production in the area.

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