NG Energy encounters 783 feet net gas pay in Brujo-1X exploration well

NG Energy International release

VANCOUVER, B.C., October 20, 2022 – NG Energy International Corp. (“NGE” or the “Company”) (TSXV: GASX) (OTCQX: GASXF), in the development of the Sinu-9 E&P Contract and under the agreements with CleanEnergy Resources (“CleanEnergy”, and together with NGE, the “Companies”), is pleased to announce the successful drilling of the Brujo-1x well at a final total depth of 8,019 feet (7,200 feet true vertical depth) in the Lower Magdalena Basin, located within the SN-9 Block, encountering 680 feet of net gas bearing zone in the Cienaga de Oro formation and 103 feet in the Porquero formation, for a total of 783 feet of net gas pay.

Starting Monday, October 24, 2022, the Company intends to begin testing seven zones within the Brujo-1x well. Several Drillstem Tests (DSTs) will be conducted to define the location for completing the well with the objective of achieving the highest possible stable production. Upon the completion of this analysis, the Company intends to continue with the spudding of the Hechicero exploration well from the same platform as the Brujo-1x well. The Hechicero exploration well has already received approval from the Agencia Nacional de Hidrocarburos.

Serafino Iacono, Chief Executive Officer of NGE, commented: “We are very excited by the potential magnitude of these results. This will allow the Company to redefine the expectations of the full block potential. The Company looks forward to providing further updates on well testing as this work progresses.”