Building Colombia's
Next Major Natural Gas Company

SINU-9 is a large development gas field located in the Lower Magdalena Basin adjacent to Colombia’s largest independent gas producer. The block is fully permitted with Environmental Approval granted by the National Authority of Enviromental Licences (ANLA) to drill 22 wells from 11 locations. The Company made discoveries at Brujo-1X and Magico-1X which have contributed significantly to reserve and resource growth. Commissioning is underway to connect 30 MMcf/d of pipeline and production facility capacity in H2 2024, increasing to 40 MMcf/d by H1 2025. The Company intends to drill Hechicero-1X in Q1-2025 from the same drill pad as the Brujo-1X well which encountered 783 feet of net gas pay and tested 51 MMcf/d.

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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. To date, the Company has reached production volumes of 17.9 MMcf/d from Maria Conchita. The Company’s focus in 2024 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 Q1-2025.

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