VANCOUVER, BC, Jan. 18, 2022 /CNW/ - NG Energy International
Corp. ("NGE" or the "Company") (TSXV: GASX)
(OTCQX: GASXF) is pleased to announce that, further to the
Company's news release on January 4,
2022, the Glycol and Dehydration Units have arrived at site
and GTX has completed the assembly of the gas plant. The plant is
now mechanically ready to begin pre-commissioning and
commissioning, starting with nitrogen testing in the coming days to
determine if there are any leaks in the interconnections that need
to be adjusted. This will be followed by hydrostatic and electric
testing after which the plant will be programed to produce between
16 and 20 million standard cubic feet per day (MMSCFPD) in
accordance with the expected production rates.
Ronald Pantin, Executive Chairman
of NGE commented, "we look forward to keeping our shareholders
apprised as we transition from a developer to a producer and begin
selling natural gas into the premium priced Colombian
marketplace."
About NG Energy International Corp.
NG Energy International Corp. is a publicly traded E&P
company on a mission to provide a clean and sustainable solution to
Colombia's energy needs. The
Company intends on executing this mission by producing and bringing
gas to the premium priced Colombian gas market from its
concessions, SN-9, a 311,353 acres block which is adjacent to
Canacol's Nelson field, as well Maria
Conchita, a 32,518-acre block located in the region of La
Guajira. NGE's team has extensive technical expertise and a proven
track record of building companies and creating value in
South America. For more
information, please visit SEDAR (www.sedar.com) and the Company's
website (www.ngenergyintl.com).
Cautionary Statement Regarding Forward-Looking
Information
Except for the statements of historical fact, this news
release contains "forward-looking information", within the meaning
of applicable Canadian securities legislation that is based on
expectations, estimates and projections as at the date of this news
release. Wherever possible, words such as "anticipate," "believe,"
"expects," "intend" and similar expressions have been used to
identify the forward-looking statements. The
forward-looking information in this news release includes, but is
not limited to, statements regarding the completion of the
operations described herein, drilling operations, receipt of
governmental permits, licences or approvals, estimations of gas
production, completion and installation of the gas pipeline and
related plant facilities.
The forward-looking information in this news release reflects
the current expectations, assumptions and/or beliefs of the Company
based on information currently available to the Company. In
connection with the forward-looking information contained in this
news release, the Company has made assumptions that include, but
are not limited to assumptions about the Company's ability to
complete the planned operations and activities. The Company has
also assumed that no significant events will occur outside of the
Company's normal course of business. Although the Company believes
that the assumptions inherent in the forward-looking information
are reasonable, forward-looking information is not a guarantee of
future performance and accordingly undue reliance should not be put
on such information due to the inherent uncertainty therein. These
factors or assumptions are subject to inherent risks and
uncertainties surrounding future expectations generally that could
cause actual results to differ materially from historical results
or results anticipated by the forward-looking statements.
Factors that could cause actual results to differ materially
from those described in such forward-looking information include,
but are not limited to, risks related to the Company's inability to
perform the proposed operations, regulatory approval risk,
environmental risk and additional risks or factors set out in the
Company's continuous disclosure materials filed from time to time
with Canadian securities regulatory authorities, including the
Company's annual and interim Management Discussion &
Analysis.
Any forward-looking information speaks only as of the date on
which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking information, whether as a result of new
information, future events or results or otherwise.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE NG Energy International Corp.