NG Energy Unveils Major New Gas Discovery in Colombia's Sinu-9 Block

Recent Gas Discovery in Colombia

On April 28, 2026, NG Energy International Corp. announced a major natural gas discovery in Colombia's Sinu-9 block. Known as the Hechicero-1X well, this site has revealed substantial gas reserves during its drilling operation, which commenced on February 24, 2026. The well reached a depth of 8,500 ft as of March 28, showcasing gas presence across various strata, most notably in the Ciénaga de Oro (CDO) formation, with a net pay of 288 ft. Additionally, layers of gas-bearing intervals in the shallower Porquero and deeper Pre-CDO–San Cayetano formations have been identified, with respective net pays of 149 ft and 103 ft.

Initial Production Results

Test results from the newly uncovered Pre-CDO–San Cayetano interval have been promising, yielding an instantaneous production rate of 26.4 million cubic feet per day (MMcf/d) with a well-head pressure of 1,800 psi through a constrained choke. Following these initial tests, the well will undergo a pressure build-up analysis before resuming production via existing facilities. This discovery not only boosts gas reserves significantly but also broadens the potential gas horizon across the Sinu-9 block, promising more target locations for future drilling.

Expanding Infrastructure

To support the expected increase in production, the current transportation capability of 30 MMcf/d is scheduled to expand to 40 MMcf/d by the end of May 2026. This expansion will be achieved through the completion of an 18-kilometer loop to enhance connection with Colombia's national gas transportation system. Furthermore, the company’s partner, INFRAES, is buckling down on constructing additional infrastructure, aiming to elevate transportation capacity to reach up to 90 MMcf/d by the latter half of 2026. This is essential in aligning with NG Energy’s long-term production growth plans, which are bolstered by a six-well drilling campaign.

Ongoing Operations at María Conchita

Alongside the developments in Sinu-9, drilling operations at the María Conchita Block are progressing effectively. The company initiated drilling at the Aruchara-5 well on April 6, 2026, targeting the Jimol formation to develop additional natural gas accumulations. The Aruchara-5 well is planned to reach a total depth of 9,100 ft and is currently being drilled in a phased approach, further laying the groundwork for potential resource expansion in the region.

Market Implications

Jorge Fonseca, CEO of NG Energy, expressed optimism regarding these findings, stressing their critical role in the advancement of the Sinu-9 project. He noted that with the ongoing drilling campaign and infrastructure enhancement, the firm is poised for significant growth in productivity and market presence. Furthermore, the company is set to graduate to the Toronto Stock Exchange (TSX), with trading commencing on April 30, 2026. This transition is viewed as a marker of NG Energy’s evolution as a producer in Colombia's natural gas sector.

Conclusion

NG Energy International Corp. stands at a pivotal moment as it expands its production capabilities with the Hechicero-1X well discovery. With a solid focus on infrastructure development and active exploration across its blocks, NG Energy is developing a promising trajectory aimed at delivering sustainable gas supplies while enhancing its market profile. The company plans to leverage these assets to not only fulfill Colombian energy needs but also aim towards a broader international reach as part of its long-term vision.