Domestic
Natural Gas Supply
for Energy Transition
in the Americas

SINU-9 is a large development gas field located in the Sinu San Jacinto basin and connected into the Promigas pipeline with direct access to the coastal urban and industrial areas in the north of Colombia. Field total gross proven plus probable (2P) and proven plus probable plus possible (3P) reserves of respectively 180.7 Bcf and 398.3 Bcf as of December 31, 2024. Current infrastructure in place for gross production of up to 40 MMcf/d with further development expected to increase production beyond this initial level. The block is fully permitted with Environmental Approval granted by the National Authority of Environmental Licences (ANLA) to drill 22 wells from 11 locations.

NGE has entered into a definitive agreement to sell a 40% operating working interest, retaining a 32% working interest, in Sinu-9 to Maurel & Prom for total cash consideration of US$150,000,000. Maurel & Prom is a globally recognized upstream energy company headquartered in Paris, supported by its controlling shareholder Pertamina, the state oil company of Indonesia, with almost two centuries of operating experience across Africa, Latin America and Europe. The Transaction significantly de-risks the development and demonstrates the value of Sinu-9, securing a strong, well-capitalized operating partner with a proven track record in technical and operational excellence.

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Maria Conchita is NG Energy's first producing gas field located in the Department of La Guajira. After successfully re-entering the Aruchara-1 well in July 2020, the Company reached commercial production in August 2022 and in August 2023 successfully drilled Aruchara-3, encountering 570 feet of net gas pay. Maria Conchita had average gross production volumes of 15.0 MMcf/d in Q3-2024. The Company’s focus in 2025 is on production enhancing activities and completing a geophysics study on the newly encountered fractured H3 and H4 zones, as part of a key re-scoping initiative following up on the 65.2 MMcf/d test at the Aruchara-3 well. In parallel, the Company will be evaluating different scenarios to increase pipeline capacity at Maria Conchita and intends to drill Aruchara-4 in late Q2-2025.

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