NG Energy Sees Growth in Q2 Production and Financials

NG Energy International Corp. Financial Results for Q2 2025

NG Energy International Corp. (NASDAQ: GASX) is excited to share its financial performance highlights for the second quarter of 2025, showcasing robust production growth and promising financial outcomes. The company has filed the financial results for the three and six months that concluded on June 30, 2025, which are available on its official website.

Production Achievements

As of the end of Q2 2025, NG Energy reported an impressive average daily production rate of 15.67 MMcf/d year-to-date. A significant milestone was observed with the Sinú-9 block, which achieved an average daily production of 8.04 MMcf/d in Q2 2025 shortly after coming online. As of the date of the financial statement, production levels at Sinú-9 had surged to 22.0 MMcf/d, indicating a strong upward trend.

Maria Conchita Production

The Maria Conchita block had an average daily production of 7.09 MMcf/d in Q2 2025. While this reflects a decrease compared to Q2 2024, it's essential to note that the decline results from a mechanical obstruction in the Aruchara-3 well. This issue is expected to be resolved soon, which could significantly enhance production as the company continues its drilling projects.

Revenue Highlights

NG Energy achieved quarterly sales revenue of USD 10 million in Q2 2025. The average realized price from natural gas at Sinú-9 was USD 6.23/Mcf, driven by strategic marketing contracts with infrastructure partners. The prices are anticipated to rise as sales volumes from the block increase in response to favorable spot market conditions.

Future Outlook and Strategic Initiatives

Looking ahead, NG Energy expects production at Sinú-9 to grow toward 60 MMcf/d by the start of 2026. CEO Jorge Fonseca has expressed optimism about the company's future, emphasizing a focused effort on optimizing operations and ramping up production. The plans include an extensive drilling campaign at Sinú-9 and the recommencement of operations at Maria Conchita to ensure growth in production numbers.

About NG Energy International Corp.

Founded with a vision of promoting natural gas exploration and production, NG Energy International Corp. seeks to deliver long-lasting value to both shareholders and stakeholders. Their operations in the Americas serve the growing energy demands, positioned within the rapidly expanding natural gas market. The company's dedicated team brings noteworthy expertise to foster development in the industry.

Contact Information

For more details, you can contact NG Energy International Corp. through their official communication channels to stay updated on their latest developments and initiatives in the natural gas field.

Frequently Asked Questions

What are the key highlights from NG Energy's Q2 2025 report?

NG Energy showed significant production growth, with an average daily production of 15.67 MMcf/d and quarterly sales revenue of USD 10 million.

How has production changed at the Sinú-9 and Maria Conchita blocks?

The Sinú-9 block's production has increased from 8.04 MMcf/d at the start of Q2 to 22.0 MMcf/d, while Maria Conchita's production is set to rebound after tackling mechanical issues.

What is NG Energy's pricing outlook?

The company has realized prices from gas sales at Sinú-9 averaging USD 6.23/Mcf, with expectations for increased prices as spot market conditions improve.

What are NG Energy's future production ambitions?

NG Energy aims to raise production at Sinú-9 to 60 MMcf/d by early 2026, enhancing their overall output capabilities.

Where can I find more about NG Energy's financial results?

Financial results are available on NG Energy's official website, including their consolidated financial statements and management discussions.

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