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NG ENERGY COMMENCES GAS PRODUCTION FROM ARUCHARA-3

Newswire.ca - Wed Nov 22, 2023

TORONTO, Nov. 22, 2023 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that the Aruchara-3 well, located in the Company's Maria Conchita block, has been granted approval from the ANH for extended production testing and is currently producing, in conjunction with Aruchara-1, at an initial baseline of 14MMcf/d from the Jimol Inferior zone. The Aruchara-3 well has significant tubing head pressure (THP) of 2,500 psi and will be tested at increasing choke sizes over the coming days to increase and optimize the production rate. It is anticipated that the Company will stabilize production from Maria Conchita toward pipeline capacity.

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