#Colombia #Calgary #NG Energy #Maria Conchita #Aruchara

NG Energy's Aruchara-5 Well Drill Results

NG Energy International Corp. recently announced successful results from the Aruchara-5 well located in the Maria Conchita Block, where they hold an 80% working interest. The well was drilled to a total depth of 9,097 feet, successfully hitting the H1 target as planned while also passing through the H2, H3, H4, H5, and H6 zones. Each of these zones revealed positive gas indications at the surface and through wireline logs, signaling promising developments for the company.

Aruchara-5 has been connected to the central processing facility (CPF) at Maria Conchita, where the evaluation of its performance is currently underway. New volumes of gas are being sold in the Colombian marketplace, with the initial production rates from the H1 target reaching 11.0 MMcf/d gross or 8.8 MMcf/d net at a pressure of 1,600 psi and a choke size of 32/64.

As a result of the completion of Aruchara-5, total production at the Maria Conchita field has climbed to 18 MMcf/d gross or 14.4 MMcf/d net. When combined with production from Sinú-9, which has averaged 22.5 MMcf/d, the company’s total net production has now reached approximately 23.2 MMcf/d.

The company’s agreements for gas off-take at Maria Conchita cover volumes of up to 15 MMcf/d gross. Additional volumes over this threshold are being sold at approximately $11.50/Mcf in the Colombian spot market. Similarly, the Sinú-9 area has contracted agreements covering up to 25 MMcf/d gross, with additional production expected to be sold at roughly $13.00/Mcf. Given the favorable pricing dynamics in Colombia, the company anticipates growth in spot pricing as production escalates.

Future Developments at Maria Conchita

NG Energy has also laid out an extensive work program for the remainder of 2026 aimed at optimizing and boosting production across the Maria Conchita field. Planned operations include:

• - Aruchara-3: A sand cleanup operation is set to enhance production rates.
• - Aruchara-1: A workover will be conducted to restore and enhance productivity through efficient sand management while testing new zones.
• - Aruchara-6: Following the encouraging results from Aruchara-5, the company plans to drill the Aruchara-6 well around the third quarter of 2026.

The Maria Conchita Block is equipped with infrastructure sufficient to process up to 30 MMcf/d gross, supporting further monetization of production gains from ongoing activities.

Brian Paes-Braga, Executive Chairman of NG Energy, shared his enthusiasm, stating, "Aruchara-5 has confirmed productive gas across all six zones from H1 through H6. We are reaping the commercial advantages of initial production, and our operations are set for significant growth in the latter half of this year. With expectations for Aruchara-6 on the horizon and a fully funded work program through year-end, our operational activity has never been more vigorous."

As NG Energy continues to expand its production capacity, the company aims to uphold its commitment to delivering natural gas into the Colombian market while also maintaining its vision of transitioning towards a global energy platform business, thus providing prosperity for all stakeholders involved.