NG Energy Reports Production Surge and Strengthened Balance Sheet

The company’s financial performance reflects a broader upward trend, with year-to-date sales hitting US$20.3 million—a 24% rise compared to the same period in 2025. This growth is underpinned by a blended realized gas price of US$8.35/Mcf, bolstered by long-term offtake agreements and favorable Colombian spot market pricing.

Operational activity remains intense across two key blocks. At Sinú-9, gross production reached 27.74 MMcf/d in early August, hitting the technical limit of existing export infrastructure. To accommodate further growth, the company is commissioning a pipeline loop expected to boost export capacity to 45 MMcf/d within weeks. Meanwhile, the Maria Conchita block has seen a successful workover of the Aruchara-1 well and the spudding of Aruchara-6, currently being drilled to a planned depth of 9,124 feet.

Capital structure improvements have also reached a milestone, with the company collecting the final US$15 million installment from Maurel & Prom, finalizing a US$150 million transaction. Complementing this, an amendment to the Macquarie credit facility successfully reduced the applicable margin rate from 8.5% to 7.5%, providing the company with greater financial flexibility as it executes its remaining drilling campaign.